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2026 Medicare Physician Fee Schedule: Key Impacts for HMO Contracting
The 2026 Medicare Physician Fee Schedule (MPFS) arrives at a complicated moment for health plans. Leaders are still managing the financial drag from the 2025 conversion factor cut, network pressures tied to staffing shortages, and quickly shifting behavioral health and digital care models. The new MPFS rule introduces changes that may look incremental on paper, but together they impact how health plans will need to approach pricing, contracting, and operational planning for the next several years.
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