Medicare fee schedule
Medicare is giving physicians an across-the-board pay increase of roughly 5% for the year 2000.
HCFA's new fee schedule, which takes effect on Jan. 1, raises the Medicare conversion factor from $34.73 to $36.61. HCFA applies the conversion factor to relative value units to determine physician pay.
That raise will be tempered for some specialties by HCFA's transition to resource-based practice expense payments, which pays physicians based on their relative actual costs. In the past, Medicare has paid physicians based on historic charges, which has typically favored proceduralists.
Medicare will phase in resource-based payments for practice expenses during the next two years, a move that will produce large pay decreases for specialties like cardiology (-5.4%) and gastroenterology (-8.55%) in 2002. Internal medicine is expected to see a 1% increase in 2002.
Medicare will next year begin using resource-based payments for physician liability insurance, but those changes are expected to produce negligible changes in physician pay. Reimbursements for internists, for example, will rise by only 0.0015%.
Internist Archives Quick Links
Internal Medicine Meeting 2015 Digital Presentations
Choose from over 170 recorded Scientific Program Sessions and Pre-Courses. Available in a variety of packages and formats so you can choose the combination that works best for you.