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Responding to a COVID-19 omnibus bill passed in late December, CMS revised the 2021 conversion factor that determines Part B fees to $34.89 -- a nearly 8% increase from the $32.41 rate that the agency had previously approved as part of its annual rulemaking.
 
Physicians can breathe a little easier going into 2021 – Congress has erased the deep Medicare fee cuts CMS laid out in the final 2021 physician fee schedule as an offset to higher E/M pay rates.
 
Physicians are facing a 10.2% drop in the Medicare conversion factor (CF) starting Jan. 1, as an offset to broad new increases in reimbursement rates for E/M office visits and other E/M-like services, according to the final 2021 Medicare physician fee schedule released Dec. 1.
 
 
The 2021 fee outlook emerged as a key point of discussion at the American Medical Association's (AMA) annual conference, with officials from the AMA and CMS offering divergent signals on what the scope of payment change may look like come Jan. 1.
 
 
The presidential election victory for Joe Biden, who surpassed the 270 electoral votes needed to snag the win after voting continued over the weekend, could have significant ramifications within the health care delivery system, and for medical groups specifically.
 

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