CMS Issues CY 2027 Medicare Physician Fee Schedule Proposed Rule

Highlights

• The Centers for Medicare and Medicaid Services (CMS) has released the 2027 Medicare Physician Fee Schedule proposed rule. It includes slight reductions in conversion factors for qualifying and nonqualifying alternative payment model participants.
• The proposed rule also includes several far-reaching Requests for Information that signal potential future reforms to physician payment, primary care, diagnostic interoperability, and the Current Procedural Terminology coding and valuation process.
• CMS will accept comments on the proposed rule through September 14, 2026. Stakeholders are encouraged to carefully evaluate both the immediate payment impacts and broader policy direction reflected throughout the proposed rule.