MACRA (Medicare Access and CHIP Reauthorization Act of 2015) is U.S. healthcare legislation that provides a new framework for how Medicare pays for physician services by incentivizing those who successfully demonstrate value over volume in patient care.
MACRA combines parts of the Physician Quality Reporting System (PQRS), Value-based Payment Modifier (VBM), and the Medicare Electronic Health Record (EHR) incentive program into one single program called the Merit-based Incentive Payment System, also known as MIPS.
In November, the Centers for Medicare and Medicaid Services (CMS) released their FINAL RULE for the 2019 Medicare Physician Fee Schedule. This Final Rule will go into effect January 1, 2019 for many clinicians and it is the start to the new physician payment provisions also known as the QPP. The CMS Quality Payment Program (QPP) has two tracks: the Merit-based Incentive Payment System (MIPS) and Advanced Alternative Payment Models (APMs).
What is MIPS?
This is a healthcare law that doctors across the country, who accept Medicare patients, need to abide by in order to maintain or qualify for an increase in their reimbursement payments from the government. These physician incentives are based on clinical performance in four specific categories, Quality, Cost, Promoting Interoperability, and Improvement Activities.
These MIPS scoring weights have changed each year. The biggest changes in 2019 are
For 2019, the Weights and MIPS final scoring rules, we found this webinar from Healthmonix to be extremely helpful.
In summary:
If you are preparing for MIPS 2019 reporting, we hope this blog prepares your practice performance measures.
At MEREM Healthcare Solutions, we want to be your strategic partner in making sure your practice needs are met and your practice improvement and profitability are the end result. Contact us today to learn how our knowledgeable and experienced professionals can help assist or consult you with EMR technology and MIPS and MACRA submissions for your physicians.
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