by Gary Pritts | May 23, 2016 | CMS Quality Payment Programs, General News
The Merit-based incentive Payment System (MIPS) introduces 4 measure categories to the Medicare incentive program space. As we have mentioned in previous posts, MIPS is the new law of the land, replacing Medicare’s Meaningful Use, PQRS and Value... Read More
by Gary Pritts | May 20, 2016 | CMS Quality Payment Programs, General News
As we mentioned in our initial post (What the MIPS?), the payment modifier for MIPS will be determined by a performance threshold (PT) set by CMS and your individual or group Composite Performance Score (CPS). This CPS is a number between 0 and 100 is calculated by... Read More
by Gary Pritts | May 20, 2016 | CMS Quality Payment Programs, General News
The CMS “incentive” programs over the past several years — Meaningful Use, PQRS, ePrescribing, and the Value-modifier — have been used both the “carrot” and “stick” approach. CMS provides both cash bonuses and penalties. The... Read More
by Gary Pritts | May 19, 2016 | CMS Quality Payment Programs, General News
As we mentioned in the last post, both MIPS and Advanced APMs are a part of the Quality Payment Programs. These programs replace the reimbursement structure in place for practices in 2017. So what is the difference between MIPS and Advanced APMs? CMS estimates that... Read More
by Gary Pritts | May 19, 2016 | CMS Quality Payment Programs, General News
The Medicare Access and CHIP Reauthorization Act (MACRA) was passed on April 16, 2015. This legislation was landmark because it repealed the Sustainable Growth Rate (SGR). This legislation also created two new payment systems for Medicare Providers. These two programs... Read More
