Physician Compensation Under the New Physician Fee Schedule: Major Changes to wRVUs, Conversion Factor, and More

Recording of a 90-minute CLE video webinar with Q&A


Conducted on Wednesday, March 31, 2021

Recorded event now available

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Program Materials

This CLE webinar will guide healthcare counsel through the new changes under the new Physician Fee Schedule (PFS) and the impact on physician compensation. The panel will examine the major changes to work relative value units (wRVUs) and the conversion factor that could create risk for health systems. The panel will also discuss the likely impact the changes in RVU values will have on contracting and physician alignment discussions. The panel will also discuss highlighted reimbursement impacts (like emergency department, telehealth, and specific specialty impacts).

Description

The Medicare Physician Fee Schedule (MPFS) Final Rule, published in December 2020, made significant and far-reaching changes to the MPFS. It went into effect on Jan. 1, 2021. Under the Final Rule, significant changes in wRVUs for the same office and other outpatient services evaluation and management services and certain other relevant services increased Jan. 1, 2021. To account for these changes, CMS decreased the 2021 conversion factor down three percent from 2020.

The Final Rule also expands who can receive reimbursement for providing telehealth services. The expanded list of providers includes clinical psychologists, physical therapists, occupational therapists, and speech pathologists who can now be reimbursed for online assessments, remote evaluations, and more. Further, under the Final Rule, the definition of "direct supervision" can be met by a physician or non-physician practitioner supervising via virtual audio/visual real-time communications technology.

Healthcare counsel and advisers must understand the impact of the fee schedule changes on physician compensation and what steps should be taken to ensure compliance under the Final Rule.

Listen as our authoritative panel of healthcare attorneys examines physician compensation under the new physician fee schedule. The panel will examine the major changes to wRVUs and the conversion factor that could create risk for health systems if they fail to adjust their compensation plans. The panel will also discuss the likely impact the changes in RVU values will have on contracting and physician alignment discussions. The panel will also discuss highlighted reimbursement impacts (like emergency department, telehealth, and specific specialty impacts).

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Outline

  1. New physician fee schedule
  2. wRVUs and conversion factor
  3. Impact of changes on physician alignment strategies
  4. Changes for covered services

Benefits

The panel will review these and other important issues:

  • The new Physician Fee Schedule and its impact on physician compensation
  • Steps healthcare advisers can take to leverage new opportunities and ensure compliance under the PFS
  • Impact of the changes on healthcare providers and others in the healthcare industry

Faculty

Arnold, Bruce
Bruce G. Arnold

Partner
Husch Blackwell

Mr. Arnold counsels clients on all aspects of the healthcare field, including hospital-physician strategic alignment,...  |  Read More

Long, Anthony
Anthony Long, MBA, FACHE, FACCA, CAAMA

Partner
Pinnacle Healthcare Consulting

Mr. Long is a Fellow in the American College of Healthcare Executives and the American College of Cardiovascular...  |  Read More

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