In this audio update, ASCA Associate Director of Public & Regulatory Affairs Alex Taira summarizes key elements of the 2026 Medicare Physician Fee Schedule (MPFS) final rule. While the MPFS does not directly affect ASC reimbursements, its implications are of significant concern to ASCs, their physician practitioners and the patients they serve. In his analysis of the rule, Alex discusses the update to the conversion factor for physician reimbursements and highlights other regulatory matters that impact physician billing and patient care.