The Medicare Physician Fee Schedule
The Medicare Physician Fee Schedule (MPFS) is a critical tool for nurses in care management who are building or scaling their businesses. This comprehensive resource outlines the reimbursement rates for services covered by Medicare, including Chronic Care Management (CCM), Transitional Care Management (TCM), and other care coordination codes. Understanding the MPFS is essential because it directly impacts your revenue strategy and financial sustainability. For nurses venturing into care management, the MPFS helps you calculate the expected reimbursements for services you provide. For example, CCM services under CPT 99490 are reimbursed monthly by Medicare. Knowing the exact rate in your region ensures accurate projections when presenting ROI to providers or forecasting your earnings. This knowledge also allows you to negotiate effectively with physicians or practices that you partner with. Moreover, staying up-to-date with the MPFS ensures compliance. Medicare reimbursement rates can change annually, and using outdated rates can lead to billing errors or lost revenue opportunities. Familiarity with this tool also helps you identify additional billing opportunities for underutilized codes, like remote patient monitoring or principal care management. In care management, understanding the MPFS isn’t just about billing—it’s about running a financially sound and compliant business while demonstrating your value to healthcare partners. https://www.cms.gov/medicare/physician-fee-schedule/search