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Medicare program; fee schedule for physicians' services for calendar year 1993--HCFA. Final notice with comment
Federal Register
|October 29, 1992
Abstract:
This final notice with comment period announces the final relative value units (RVUs) for Medicare payment for existing procedure codes under the physician fee schedule and interim RVUs for new and revised codes. Section 6102(a) of the Omnibus Budget Reconciliation Act of 1989, as amended by section 4118 of the Omnibus Budget Reconciliation Act of 1990, requires establishment of the physician fee schedule and periodic review and adjustment of the RVUs.
Insights
This notice details final relative value units (RVUs) for Medicare physician payments. It covers existing, new, and revised procedure codes, ensuring fair physician fee schedule adjustments.
Area of Science:
- Health Economics
- Public Policy
- Medical Billing
Background:
- The Omnibus Budget Reconciliation Act mandates a physician fee schedule.
- Periodic review and adjustment of relative value units (RVUs) are required by law.
- Medicare payment relies on established RVUs for physician services.
Purpose of the Study:
- To announce final RVUs for existing Medicare procedure codes.
- To provide interim RVUs for new and revised procedure codes.
- To inform stakeholders of updates to the physician fee schedule.
Main Methods:
- Review and finalization of RVUs for existing codes.
- Establishment of interim RVUs for new/revised codes.
- Compliance with legislative mandates for fee schedule updates.
Main Results:
- Final RVUs are established for current physician services.
- Interim RVUs are set for recently introduced or modified codes.
- The physician fee schedule is updated accordingly.
Conclusions:
- The final RVUs will guide Medicare payments for physician services.
- Interim RVUs provide a framework for new and revised codes.
- This process ensures the physician fee schedule remains current and compliant.