Lexology November 12, 2025
Highlights
- The Centers for Medicare & Medicaid Services (CMS) has released the calendar year (CY) 2026 Medicare Physician Fee Schedule Final Rule, which includes policies related to Medicare physician payment and the Quality Payment Program.
- This Holland & Knight alert highlights key elements of the Final Rule, which takes effect on Jan. 1, 2026.
The Centers for Medicare & Medicaid Services (CMS) on Oct. 31, 2025, released the calendar year (CY) 2026 Medicare Physician Fee Schedule (PFS) Final Rule, which includes policies related to Medicare physician payment and the Quality Payment Program (QPP). These policies take effect on Jan. 1, 2026, unless otherwise noted. Despite significant stakeholder feedback, CMS largely finalized its proposals with only modest adjustments to...







