Annual update hub

2027 Physician Fee Schedule: What Is Proposed to Change

CMS released the CY 2027 proposed rule on July 14, 2026. The final rule is expected in November and takes effect January 1, 2027. This page tracks every proposal that touches the guides and tools.

Reviewed September 2026; reflects the CY 2027 proposed rule. Nothing on this page is final until the final rule publishes.
Proposed, not final
Four proposals matter to physicians who read this site: a lower conversion factor, G2211 rebuilt as a modifier worth 16 percent of the visit, a 50 percent reduction for additional same day services when a visit and a procedure share a date, and telehealth flexibilities that continue through December 31, 2027. The 2026 rules stay in force on every page of this site until January 1, 2027. When the final rule publishes, each item below will be marked finalized, withdrawn, or changed, and the affected guides, the engine, and the calculator will be updated together.
Item2026Proposed 2027
Conversion factor$33.40 (non APM), $33.57 (qualifying APM)$32.84 (non APM), $33.17 (qualifying APM)
G2211Separate add-on code, 0.33 wRVUModifier on the office visit, visit payment plus 16 percent
Same day E/M plus procedureEach service paid under the modifier 25 and 57 rulesHighest valued service in full, additional same day services at 50 percent
TelehealthOffice codes with POS 10 or 02 (modifier 93 for audio only); 98016 paid aloneUnchanged; flexibilities run through December 31, 2027

Where to follow it and where the comments are

The proposed rule is CMS-1848-P (91 FR 43842). The public comment period closed on September 14, 2026, so new comments can no longer be filed; the final rule is expected about November 1. Follow the rule on the CMS page, read the CMS fact sheet, or read the comments already submitted. Once the final rule is out, the place to be heard is your specialty society and your members of Congress.

Conversion factor

The proposed conversion factor is $32.84 for clinicians outside advanced APMs (2026: $33.40) and $33.17 for qualifying APM participants (2026: $33.57). The drop comes from the expiry of the one year 2.5 percent increase. It affects every dollar figure on the site that starts from the Medicare rate; the wRVU values themselves are separate and do not move with it.

G2211 as a modifier

CMS proposes to delete G2211 as a code and replace it with a modifier appended to the office visit, increasing that visit's payment by 16 percent instead of paying a flat amount. The underlying rule, longitudinal responsibility for the patient, is unchanged. What changes is the arithmetic: the add-on rises and falls with the visit level.

Today a 99212 and a 99215 earn the same G2211 amount. Under the proposal, the modifier adds 16 percent of whatever the visit pays, so the higher level visit earns the larger add-on.

Affected: the G2211 chapter, the G2211 question page, the Note Coding Assistant engine, and every example that uses 0.33 wRVU.

Same day visit and procedure

When a visit and a procedure are billed on the same day, the highest valued service would pay in full and each additional same day service would pay at 50 percent. This lands on modifier 25 and modifier 57 claims for Medicare and reshapes the injection plus evaluation day.

A joint injection and a separately supported office visit on the same date: the higher valued of the two pays in full, the other pays at half. The documentation rule for modifier 25 does not change; only the payment does.

Affected: the modifier 25 chapter, the joint injection question page, the modifier 57 question page, and the orthopaedic and sports medicine chapters.

Telehealth

Medicare would continue to decline the 98000 to 98015 family and continue to accept office codes with place of service 10 or 02 and modifier 95 or 93, paying 98016 alone. The current flexibilities run through December 31, 2027. Affected: the telehealth question page.

What to do now

Nothing changes in your documentation until January. Comments on the proposed rule were due September 14, 2026. This page and the changelog will carry the final rule the week it publishes.