Take Advantage of the Medicare Access and CHIP Reauthorization Act (MACRA).
The Quality Payment Program enhances Medicare by helping you to focus on providing quality care and most importantly, making patients healthier. The Quality Payment Program gives you modern tools, models, and resources that will allow you to administer the best possible care to your patients. You may choose how you want to participate, based on your practice size, specialty, location, or patient population.
The Quality Payment Program has 2 tracks you can choose from:
1. Merit-based Incentive Payment System (MIPS)
2. Advanced Alternative Payment Model (APMs)
Rolls existing quality programs (Physician Quality Reporting System, Value-Based Payment Modifier, and Meaningful Use) into one budget-neutral program where providers are scored on quality, cost, improvement activities, and EHR2 use, and assigned payment adjustment accordingly.
Rewards providers with a 5% annual bonus from 2019-2024 if they have a significant share of their Medicare revenue and/or patients in contracts that include two-sided payment risk (e.g. Next Generation ACO program).
Merit -Based Incentive Payment System (MIPS) Reporting Requirements
Physicians qualifying under the MIPS (Nearly 90% eligible clinicians will likely be subject to the MIPS track for payment in 2019) are required to report under four performance categories:
Clinical Practice Improvement Activities
Advancing Care Information
* Information about government incentives and meaningful use can be found
Please visit this website to see how the EMR/EHR Incentive program applies to your specific situation.