The Medicare Accessibility and CHIP Reauthorization Act (MACRA) was signed into law in April 2015 and introduces several changes to the current physician reimbursement framework. MACRA repeals the Sustainable Growth Rate formula and replaces it with a payment method that incentives value and quality of care over volume. It also streamlines three existing quality reporting programs (PQRS, Value-Based Payment Modifier and Medicare EHR Incentive Program) and a fourth (Clinical Practice Improvement Activities) into a single program known as the Quality Payment Program.

Clinicians can participate in the Merit-based Incentive Payment System (MIPS) or in Advanced Alternative Payment Models (APMs) in order to avoid downward payment adjustments and potentially receive upward adjustments. The performance period for MIPS begins January 1, 2017, and the first payment adjustments will be applied in 2019.

Upcoming Webinar: Vendor Engagement: Help Your Radiology Clients Make the Most of QCDR Reporting

Thursday, July 20th 1:00pm - 2:00pm | Register now