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Special report. HCFA hikes conversion factor to $31.001; adopts 77 other pay policies for RVS era
Part B News
|October 30, 1991
Insights
This report details the final Medicare resource-based relative value fee schedule for U.S. physicians. The Health Care Financing Administration (HCFA) finalized the schedule after extensive public comment.
Area of Science:
- Health Policy
- Medical Economics
Context:
- The Health Care Financing Administration (HCFA) developed a resource-based relative value fee schedule.
- The schedule impacts virtually all 500,000 private practice physicians in the U.S.
Purpose:
- To summarize the key provisions of the final Medicare fee schedule.
- To inform healthcare providers about upcoming regulatory changes.
Summary:
- The final Medicare fee schedule, based on relative values, is set for publication.
- HCFA issued the schedule after considering 95,000 comments on the proposed version.
Impact:
- Establishes a standardized payment system for physicians under Medicare.
- Significant regulatory update for the U.S. healthcare industry.
Abstract:
This Part B News Special Report summarizes provisions of the final Medicare resource-based relative value fee schedule, slated for publication in the Nov. 25 Federal Register. The fee schedule applies to virtually all 500,000 private practice physicians in the U.S. The Health Care Financing Administration (HCFA) issued the fee schedule after reviewing 95,000 comments on the proposed version (PBN 6/10/91).