Medicare Physician Fee Schedule (MPFS)

The Medicare Physician Fee Schedule (MPFS) is a system used by the government to determine how much Medicare reimburses healthcare providers, such as doctors, for services they provide to beneficiaries. It assigns specific payment rates to a wide range of medical procedures and visits based on their complexity and resources required. These rates help ensure providers are fairly compensated while controlling overall healthcare costs. The MPFS is updated annually to reflect changes in medical practices, technology, and healthcare economics. It serves as a key guideline for billing and maintaining consistency in Medicare payments across the healthcare system.