The physician fee schedule is updated each April 15 and is composed of:

Question

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The physician fee schedule is composed of all three components listed: relative value units, geographic adjustment factor, and national conversion factor. The relative value units determine the relative cost of each service, the geographic adjustment factor accounts for regional variations in the cost of operating a health care facility, and the national conversion factor is a dollar amount used to calculate the payment for each service. The fee schedule is updated each year on April 15th.

The Physician Fee Schedule Is Updated Each April 15 and Is