What is MACRA?
The Medicare Access & CHIP Reauthorization Act, known as MACRA, presents a new value-based payment system to emphasize patient care. This program combines the Physician Quality Reporting System, Value-Based Modifier, and Meaningful Use to form the Quality Payment Program. Medicare providers can participate through an Advanced Alternative Payment Model (APM) or the Merit-Based Incentive Payment System (MIPS). The minimum amount of data must be submitted by March 31st, 2018.
For more information, go over to our MACRA blog for detailed information.
Merit-Based Incentive Payment System (MIPS)
MIPS allows providers to earn payment adjustments in 2019 based on their reporting for three categories in 2017: Quality, Improvement Activities, & Advancing Care Information. If you see more than 100 Medicare patients or bill more than $30,000 in Medicare Part B, you are eligible to participate in the Quality Payment Program.
Unsure if you qualify? Check your participation status here:
On Track for MACRA: The Provider’s Guide to QPP
Ensure your practice is up to speed on reporting requirements for MACRA and MIPS with our latest webinar View the complete video or jump to the key points below.
1. MIPS Participation (7:35)
2. Pick Your Pace (11:25)
3. MIPS Reporting (15:44)
4. Weightage & Scoring (30:56)
5. Advanced APM Overview (40:51)
6. Meaningful Use/Medicaid (41:27)
7. Appendices (42:19)
8. PrognoCIS Demonstration (44:17)
Download the slides for On Track for MACRA: The Provider’s Guide to QPP Webinar.