CMS Proposes 2026 Medicare Physician Pay Updates, Tightening Rules on Part B Drug Price Penalties
Medicare and Medicaid Programs; CY 2026 Payment Policies Under the Physician Fee Schedule and Other Changes to Part B Payment and Coverage Policies; Medicare Shared Savings Program Requirements; and Medicare Prescription Drug Inflation Rebate Program
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2 articlesCMS finalizes increased pay rates for physicians in 2026, but hospital docs could lose out
CMS finalized a 2026 pay rule increasing physician reimbursement by 3.77% for value-based providers and 3.26% for others. While top-line rates rise due to the 'One Big Beautiful Bill Act,' new efficiency adjustments and site-of-service payment changes may result in net cuts for hospital-based docs.

CMS Releases CY 2026 Medicare Physician Fee Schedule Final Rule
The final rule confirms that beginning in 2026, Medicare will use separate conversion factors for clinicians in Advanced APMs ($33.57) versus others ($33.40). It also clarifies ASP reporting for drugs sold at a Maximum Fair Price and updates the Medicare Prescription Drug Inflation Rebate Program.
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