On October 14, 2016, a final rule was issued by the Centers for Medicare & Medicaid Services (CMS) that signifies the most extensive change in physician payment policies in the last 2 decades. Major changes included:
Making a new framework for rewarding health care providers for giving better care not more just more care. Combining the existing quality reporting programs into one new system: The Quality Payment Program.
- Ending the Sustainable Growth Rate (SGR) formula for determining Medicare payments for health care providers’ services.
The Quality Payment Program (QPP) will reform Medicare Part B payments and improve care across the health care delivery system. There are 2 paths that providers can choose and use to report quality data to CMS:
- The Merit-Based Incentive Payment System (MIPS)
- Advanced Alterative Payment Models (APMs)
AAPM&R Informational Posters (as seen at the Annual Assembly)