Some of the most significant provisions affecting Medicare physician payment enacted under the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) will first take effect in 2017. The new payment provisions, collectively referred to by the
Centers for Medicare & Medicaid Services (CMS) as the “Quality Payment Program” or QPP, describes requirements for physicians to participate in the Merit-Based Incentive Payment System (MIPS) and/or qualify for the Advanced Alternative Payment Model
(Advanced APM) Incentive Payment. The performance period on which physicians will initially be assessed under both programs begins in 2017 and will dictate fee-for-service payment updates or APM incentive payments for calendar year 2019.
Read the full article in the February issue of The Physiatrist.