CMS recently issued its proposed 2027 Medicare Physician Fee Schedule.
The proposed schedule includes a 0.75% increase to the qualifying alternative payment model (APM) conversion factor and a 0.25% increase to the nonqualifying APM conversion factor.
But because the Working Families Tax Cut Act provided a 1-year conversion factor increase of 2.5% for the 2026 PFS — which does not apply to the 2027 PFS — current law requires a 2.5% decrease in Medicare payments compared with 2026. Therefore, CMS said the proposed qualifying APM conversation factor of $33.17 for 2027 is a projected