Tagged with MIPS Merit-based Incentive Payment System
CMS has released the 2017 list of approved qualified registries. Physician practices may utilize these third-party vendors to report individual or group data for the Quality, Advancing Care Information, and Improvement Activities categories of the Merit-Based Incentive Payment System (MIPS) in order to avoid a -4% penalty and potentially earn a small bonus in 2019.
CMS has published an updated table accompanying the 2016 eCQM specifications for the 2017 performance period. The updated table removes the previous meaningful use domains and now aligns with the domains listed in CY 2016 Medicare Physician Fee Schedule, as well as the MIPS and Advanced APM tracks of the Quality Payment Program.
CMS Acting Administrator Andy Slavitt is urging healthcare and political leaders to continue value-based care progress made under the Affordable Care Act, including value-based care progress after MACRA implementation through universal coverage, the CMS Innovation Center, interoperable health IT, and patient-centered care.
The Physician-Focused Payment Model Technical Advisory Committee (PTAC) was established earlier this year by MACRA and is now accepting proposals for alternative payment models (APMs).
CMS has published the Final Rule implementing the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA). The Rule finalizes provisions for participation in the new Medicare Quality Payment Program (QPP) which requires eligible physicians to begin reporting data under the Merit-based Incentive Payment System (MIPS) or Advanced Alternative Payment Models (APMs) in 2017.
On October 26, CMS announced that it will publish the final list of models that will qualify as Advanced Alternative Payment Models for next year by January 1, 2017.
The American Society for Clinical Pathology (ASCP) recently urged CMS to reduce the pathology cuts in its proposed 2017 Physician Fee Schedule.
Vermont has been granted tentative approval to establish an all-payer reimbursement system. If granted final approval, the All Payer Accountable Care Organization (ACO) Model would be effective for five years beginning January 1, 2017.
Almost all pathologists will need to participate in MIPS in 2017 or face a penalty in 2019. The 2 new “partial” options from CMS may make that easier for 2017, but they don’t change the basic direction. Preparing now is the prudent course.
CMS is adding 2 more options for quality reporting in 2017. They provide more flexibility for providers to comply with MACRA requirements. By submitting partial data, or partial year data, a practice can avoid penalties.