Economic News

2025-2027 Fee-for-Service Fee Distribution The allocation of the first two years of the four-year (2025-2029) Physician Services Agreement (PSA) was approved by the NBMS Board of Directors at their March [Read More...]
2020-2023 Fee Distribution and Retroactive Payments The 2020-2023 Fee Distribution was finalized, and new rates and codes were effective June 29, 2023. The distribution covered the first three years of [Read More...]
2020-2023 Fee-for-Service Fee Distribution The current five-year Master Agreement is in place from April 1, 2020 to March 31, 2025. The Master Agreement was ratified by the membership in late [Read More...]
Topics of Interest Topics of Interest is a new addition to Economics News. In each issue, a topic related to billing will be highlighted. The topic of interest will also [Read More...]
Negotiations update Formal negotiations between the NBMS and Department of Health (DH) to replace the 2016-2020 Master Services Agreement began in October 2020. The parties have met several times with [Read More...]
Formal negotiations between the New Brunswick Medical Society (NBMS) and Department of Health (DH) to replace the 2016-2020 Master Services Agreement began in October 2020.  [Read More...]
Mandatory ICD 10 Diagnosis Coding This is a reminder that as of Nov. 20, 2020, NB Medicare will require an International Classification of Disease (ICD 10) diagnostic code be included with each [Read More...]
NBMS approves CMPA rebate to members  The Canadian Medical Protective Association (CMPA) informed the NBMS in June 2020 that the rates for coverage in New Brunswick will be reduced by [Read More...]