Medicare Fee Schedule 2025 Pdf. Cms issued a final rule that updates payment policies and medicare payment rates for services provided by physicians and nonphysician practitioners (npps) that are paid under the pfs in cy 2025. The estimated cy 2025 pfs conversion factor is $32.35, a decrease of $0.94 (or 2.83%) from the current cy 2024 conversion factor of $33.29.

The rule updates payment policies and rates for part b services furnished under the mpfs, as well as makes changes to the quality payment program (qpp). The rule takes effect on january 1, 2025.