American College of Radiology (ACR) staff participated in two briefings by the Centers for Medicare & Medicaid Services (CMS) in late May that informed specialty physician societies about Medicare’s new Merit-Based Incentive Payment System (MIPS) and Alternative Payment Models (APMs) as mandated by the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA).
The May 23 and May 25 sessions at American Medical Association’s Washington, DC office followed CMS’ April 27 release of its MIPS and APM proposed rule.
The briefings gave the ACR and other specialty societies an opportunity to engage with CMS on how providers will be paid for providing high value-care through participating in the newly streamlined “Quality Payment Program.” It consolidates the current Physician Quality Reporting System (PQRS), the Value Modifier Program (VM), and the Medicare Electronic Health Record (EHR) Incentive Program.
Providers can participate in the Quality Payment Program through the MIPS or Advance APMs pathways.
The ACR is preparing a comment letter on the MIPS and APM proposed rule. It will be submitted to CMS by the June 27 deadline.
For more information, refer to the CMS webpage that addresses basic questions about its Quality Payment Program.