2014 Physician Fee Schedule
Chiropractic Billing, Chiropractic Billing Software
On July 8, 2013 CMS proposed a 2014 Physician Fee Schedule (PFS) and updates in payment policies related to the Physician Quality Reporting System (PQRS).
The proposed rule, includes updated data to adjust payments under the PFS to reflect local differences in practice costs. Updates would reassess and change the weights assigned to the work, practice expenses and malpractice cost components of each of more than 7,000 physicians’ services furnished to patients covered under Medicare Part B.
Proposed changes to the PQRS program will have multiple implications, since CMS intends to use the data to support its rollout of value-based modifiers, created by the Affordable Care Act, as well as the new Physician Compare website.
CMS accepted comments on the proposed rule through September 6. CMS will respond in a final rule with comment period on or about November 1.
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