CMS has finalized the 2021 Physician Fee Schedule rule, outlining how physicians participating in Medicare will be paid for care delivery. The final rule reevaluates codes for Evaluation and Management (E/M) visits, extends select telehealth flexibilities beyond the pandemic and allows nonphysician practitioners to supervise diagnostic tests. The rule also finalizes across-the-board payment reductions to many specialty services. The official rule language is scheduled to be published on December 28, 2020. Until then, the regulation can be read on the public inspection desk. An outline of the rule will be included in the next Policy Brief.