The Medicare Meaningful Use program as we know it ends in 2016, however it is being rebranded into the new performance based incentive program from CMS called Medicare Access & CHIP Reauthorization Act of 2015 (MACRA). The act was passed by the bipartisan Congress and signed into law by President Obama in April 2015.
MACRA introduces the Quality Payment Program which emphasizes value-based models like MIPS and APMs.
On October 14, 2016, the Department of Health and Human Services (HHS) issued the Final Rule on MACRA.
The Merit-Based incentive Payment System (MIPS) streamlines Medicare Meaningful Use, PQRS and Value-based Payment Modifier into one program.
MIPS will annually measure Medicare Part B providers in four performance categories to derive a score ranging zero to one-hundred, which can significantly change a provider's Medicare reimbursement in each payment year.
The performance categories under MIPS are:
A minimum of 90-day continuous period is required. You can start any time between Jan 1st and Oct 2nd 2017. The deadline for data submission is: March 31st, 2018.
For more information on MACRA and MIPS, please schedule a call with one of our industry specialists at (866) 266-6822 Ext 308 or reach us via email at firstname.lastname@example.org