Medicare Hospital Outpatient Department Fair Payment Act of 2002

Medicare Hospital Outpatient Department Fair Payment Act of 2002 - Amends title XVIII (Medicare) of the Social Security Act to revise the Medicare hospital outpatient department (OPD) prospective payment system with regard to: (1) fee schedule amounts for clinic and emergency visits; (2) transitional pass-through for additional costs of innovative medical devices, drugs, and biologicals; (3) OPD fee schedule increase factor; (4) budget neutrality adjustment under requirements for periodic review and adjustments components of the prospective payment system; (4) outlier payments; (5) transitional adjustment to limit decline in payment; and (6) the requirement to increase relative payment weights in certain circumstances.

Amends the Medicare, Medicaid, and SCHIP Benefits Improvement and Protection Act of 2000 to provide for permanent extension of provider-based status for any facility or organization that is treated as provider-based in relation to a hospital or critical access hospital under Medicare as of October 1, 2000.