January 11, 2012
The updated 2012 Medicare Physician Fee Schedule (MPFS) is now available on CodeToolz APP and CodeToolz Desktop.
The updated 2012 MPFS lists the new fees for claims with dates of service January 1 - February 29, 2012.
Section 301 of the Temporary Payroll Tax Cut Continuation Act of 2011 (TPTCCA) prevents a payment cut for physicians that would have taken effect January 1, 2012. An update of zero percent is effective for claims with dates of service January 1 - February 29, 2012.
While the physician fee schedule update will be zero percent, other changes to the relative value units used to calculate the fee schedule rates must be budget neutral. To make those changes budget neutral, the conversion factor must be adjusted for 2012.
CMS is currently developing the 2012 MPFS to implement the zero percent update. Please be on the alert for more information about the 2012 physician fee schedule update as it becomes available.
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