Medicare Finalizes Physician Fee Schedule for 2026

CMS Medicare Page on a phone in front of a computer screen of the CMS logo

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The Centers for Medicare & Medicaid Services (CMS) on Friday finalized its annual physician fee schedule for 2026, giving doctors treating Medicare patients a 3.77% pay bump if participating in alternative payment models (APMs) and a 3.26% increase for those not participating in APMs.

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The Primary Care Collaborative also was supportive, saying the new rule addresses “methods that have long diverted funding away from the whole-person, relationship-based primary care Americans need” and shifts “resources from facility to independent, community-based practices.”

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