Here Are Your Articles for Tuesday, January 17, 2017
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Be Prepared and be an Early Adopter under MACRA

 

On Oct. 14, 2016, the Centers for Medicare & Medicaid Services (CMS) released the final rule to implement MACRA’s Merit-Based Incentive Payment System (MIPS) and Advanced Alternative Payment models (APMs). Collectively, these programs are part of what CMS now calls the Quality Payment Program (QPP).

Physicians have the opportunity to pick their pace of participation during the 2017 QPP transition year. During the 2017 transition year, physicians only need to report 1 quality measure for 1 patient, 1 Improvement Activity or all of the required Advancing Care Information (ACI) measures to avoid a negative payment adjustment in 2019. While the performance year is 2017, physicians will not receive their payment adjustment until two years later.

Taking steps now to prepare for 2017 and beyond can ease the transition for your practice and position you to earn financial rewards for the high-value care your provide. As many of the requirements that are simplified during the 2017 transition year will continue and expand in future reporting years, determining how your practice can succeed in the years ahead you should starting preparing now.  WebsterRogers can help you plan and prepare for the new reporting requirements in 2017, and also be sure you are on target for success on the current programs for PQRS and Meaningful Use in the 2016  reporting period. Reporting for 2016 is due by February 28, 2017. 

 
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Nelda Fields | Debra Turner
Nelda Fields | Debra Turner
Healthcare Services Group | Partners
(843) 577-5843
healthcare@websterrogers.com
40 Calhoun Street, Suite 320
Charleston, SC 29401
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