The Medicare Access and CHIP Reauthorization Act, which was passed by Congress earlier this year, eliminated the Medicare program’s controversial Sustainable Growth Rate formula.  It also established a 0.5% increase in the MPFS conversion factor (CF) starting July 1, 2015, and continuing through year-end.  In Transmittal 3259 (issued May 15, 2015), CMS instructed the Medicare contractors to implement this new CF, which is rising from $35.7547 to $35.9335.  You can therefore look forward to a slight payment increase for services performed on or after July 1.

CMS has also posted a new Physician Fee Schedule Relative Value file that includes the revised CF.  The new file, titled RVU15C, can be downloaded from the CMS website at:

http://www.cms.gov/Medicare/Medicare-Fee-for-Service-Payment/PhysicianFeeSched/PFS-Relative-Value-Files-Items/RVU15C.html?DLPage=1&DLEntries=10&DLSort=0&DLSortDir=descending