2026 Medicare Conversion Factor

$32.35
per wRVU · CMS Physician Fee Schedule
Select procedures below to estimate
compensation based on Medicare rates

CPT Code Lookup

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CPT Code Description Category wRVU CMS Rate

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Custom Compensation Estimate

Enter annual wRVUs and a contract conversion factor. Medicare CF is $32.35 — academic groups typically pay $40–$55, private practice $55–$80+.

Quick set CF:

Radiology Compensation Benchmarks

MGMA / SullivanCotter approximate data — Diagnostic Radiology

020,000 wRVU/yr
Source: MGMA 2024 Physician Compensation Data Report · Approximate values for Diagnostic Radiology
⚕️ Disclaimer: wRVU values reflect the 2026 CMS Physician Fee Schedule. The Medicare conversion factor of $32.35/wRVU is the CMS national rate; actual radiologist compensation is based on practice-specific contract conversion factors which vary widely (typically $40–$55/wRVU for academic, $55–$80+ for private practice). Values shown do not include geographic adjustments (GPCI), facility/technical components, or add-on codes. This calculator is for informational and educational purposes only and does not constitute financial or employment advice.

About wRVU-Based Radiology Compensation

Work Relative Value Units (wRVUs) quantify the physician work component of a procedure — capturing time, technical skill, mental effort, and stress. They are the primary productivity metric for radiologist compensation in most academic, hospital, and private practice settings. Under the CMS Resource-Based Relative Value Scale (RBRVS), each CPT code is assigned a wRVU value that reflects the relative effort of the service compared to a reference procedure.

The total Medicare payment for a service equals: (wRVU + PE RVU + MP RVU) × GPCI adjustments × Conversion Factor. This calculator focuses on the physician work (wRVU) component, which typically drives compensation models.

The 2026 Medicare Conversion Factor

CMS sets a national conversion factor each year that translates wRVUs into Medicare payment. The 2026 conversion factor is $32.35/wRVU. This is the Medicare reimbursement rate only — most radiologists are paid by their employer using a negotiated contract conversion factor that is typically higher ($40–$55/wRVU is typical for academic radiology, while private practice often ranges $55–$80+). The conversion factor has been relatively flat or declining in real terms since 2021, as budget neutrality requirements under MACRA have required cuts when other procedure values are added or increased.

How to Use This Calculator

Search or browse the CPT code table to find radiology procedures. Click "+ Add" to add a procedure to your selected list. Adjust quantities to reflect your typical daily, weekly, or monthly volume using the period toggle. The calculator will display your estimated annual wRVU total and compensation at the 2026 CMS rate. Use the Custom Compensation Estimate section to enter your contract conversion factor for a more accurate salary estimate.

When estimating full-time productivity, consider: 52 clinical weeks/year minus vacation, CME, and administrative weeks typically yields approximately 46–48 effective working weeks. Most models use 50 weeks (wRVU/week × 50 = annual wRVU) as a standard annualization factor.

How Radiology Compensation Works

Most academic and private radiology groups pay radiologists using one of two models:

Academic groups typically offer $40–$55/wRVU. High-volume private practices may offer $60–$80+/wRVU. Interventional radiology typically commands higher conversion factors due to procedural complexity, and IR-heavy practices may pay differently for diagnostic vs. procedural wRVUs.

Interpretation Guide: Reading Your Results

The calculator shows your estimated wRVU productivity in the selected time period and projects it to an annual figure. Compare the "Annual wRVU" to MGMA benchmarks:

Note that the CMS compensation estimate shown uses the Medicare conversion factor ($32.35), not your employer's contract rate. A radiologist producing 10,000 wRVU/year at a contract CF of $65/wRVU would earn $650,000 — nearly double the Medicare rate estimate. Always use the Custom Compensation Estimate section with your actual contract CF for meaningful comparison.

Limitations and Considerations

This calculator has important limitations that must be understood for proper use:

Productivity Benchmarks

Median diagnostic radiologist annual wRVU productivity is approximately 9,500–10,500 wRVUs/year (MGMA 2024). Private practice radiologists typically outperform academic radiologists by 15–25% in volume. Teleradiology positions often have higher volumes (12,000–16,000+ wRVU/year) but with different risk profiles, call burden, and subspecialty depth. Subspecialty radiologists (body imaging, neuroradiology, MSK) typically fall within the diagnostic radiology median range, while interventional radiologists may have higher volumes due to procedural wRVU contribution.

Reading the CMS Fee Schedule

CMS publishes wRVU values annually as part of the Physician Fee Schedule (PFS) rulemaking process. Proposed rules are released in July and final rules in November for the following calendar year. Values change based on resource-based relative value scale (RBRVS) updates, five-year code revaluation cycles, and specialty society RUC (Relative Value Scale Update Committee) submissions. The RUC is a multispecialty committee that recommends wRVU values to CMS; recommendations are accepted approximately 90% of the time. Always verify current values with the official CMS fee schedule lookup tool (cms.gov) or your practice management/billing system before using for compensation planning.

References

Centers for Medicare and Medicaid Services. 2026 Medicare Physician Fee Schedule Final Rule. CMS.gov. 2025.

Medical Group Management Association. 2024 MGMA Physician Compensation and Production Report. MGMA; 2024.

American College of Radiology. ACR RVU Data. Radiology Coding Source. ACR; 2024–2026.

Hsiao WC, Braun P, Dunn D, et al. Resource-based relative values. JAMA. 1988;260(16):2347–2353.