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Texas sets 2018 medical fee guideline conversion factors

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The Texas Department of Insurance said Tuesday that it has sets medical fee guideline conversion factors for 2018.

The medical fee guideline conversion factors are $58.31 and $73.19 for services provided in 2018, according to a statement from the Texas Department of Insurance.

The department established a conversion factor and an annual update to provide “predictability and reflect changes in medical service delivery costs to system participants.”

The conversion factor is based on the Medicare Economic Index, which increased 1.4% for 2018, according to the statement.