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CMS beat its deadline for issuing a revised value file for the 2016 physician fee schedule, but we've unearthed one surprise in the new file.
Practices have a new revenue opportunity in 2016 for providing advance care planning (ACP) services, as finalized in the final 2016 Medicare physician fee schedule released Oct. 30.

U.S. CapitolDebate on repealing the Patient Protection and Affordable Care Act of 2010 will begin with consideration of H.R. 2 -- Repealing the Job-Killing Health Care Law Act of 2011 (pdf) -- this afternoon. Following its probable passage this week, the House will consider another resolution that instructs committees “to report legislation replacing the job-killing health care law” (pdf).

CMS released an updated 2011 conversion factor just days before the New Year, as the last 2010 Part B News newsletter was going to press. This left us with little time and space to write much detail about how the new conversion factor, $33.9764, will impact physician payments.

The conversion factor is just one component of the Medicare payment formula. So, you shouldn't be surprised that some payments, in particular E/M codes, increased in pay despite the 2011 conversion factor dropping 7% from the 2010 rate of $36.8729.  

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