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2026 Medicare Physician Fee Schedule: What to know about the rule

November 11, 2025

The CMS' final rule includes an increased base conversion factor, reflecting a temporary 2.5% statutory increase, as well as other updates that will affect practices.

Tag(s): Advocacy, Federal Advocacy

Road with an arrow pointing to 2026


Key Takeaways

  • The qualifying APM conversion factor increased by 3.77% while the nonqualifying APM conversion factor increased by 3.26% with the final rule.
  • CMS reduced indirect practice expense RVUs for services delivered in the facility setting, impacting reimbursement for care provided in these settings. 

 

  • CMS removed the distinction between provisional and permanent telehealth services, and all Medicare Telehealth Services List are now considered included on a permanent basis.
  • CMS considered AOA feedback in several additional updates, ranging from code valuations to MIPS QPP and more. 

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