CMS Finalizes 2026 Medicare Physician Fee Schedule with Reimbursement Increases

The Centers for Medicare and Medicaid Services (CMS) released the 2026 Physician Fee Schedule Final Rule, detailing next year's changes to Medicare Physician Fee Schedule (PFS) payments. The rule includes significant updates to reimbursement rates, which are largely in line with prior proposals. After a 10.4% decline in the PFS conversion factor from 2020 to 2025, the 2026 adjustments will increase Medicare reimbursement rates, potentially easing financial pressures on healthcare providers amid rising operational costs.