Medicare Revises Conversion Factor to Reflect Physician Fee Hike January 14, 2008
The Centers for Medicare & Medicaid Services has announced a revised conversion factor for calculating Part B physician fees that reflects the 0.5% increase Congress approved, effective January 1, 2008, and blocks a 10% cut due to take effect this year under the statutory fee update formula. The CF translates a physician services relative value units (RVUs) into a dollar amount.