The California Workers' Compensation Institute reported that the Official Medical Fee Schedule conversion factor as a percentage of Medicare for professional services increased a little more than 17% from 2017 to 2024.
Each section of the fee schedule uses distinct rules to calculate payment and different inflation factors to update reimbursement rates. For example, OMFS sections for inpatient services, outpatient and ambulatory surgery centers, ambulance services and durable medical equipment use Medicare's inflationary factors, CWCI said. The cumulative percentage increase in the OM...
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