MIPS: The New Meaningful Use
In April 2015, President Obama signed the Medicare Access and CHIP Reauthorization Act (MACRA) into law, effectively changing the playing field for healthcare reimbursements. The legislation repeals Medicare Part B Sustainable Growth Rate (SGR) reimbursement formula and replaces it with a new Quality Payment Program (QPP).
The proposed QPP consists of two tracks in a bid to reduce quality reporting burdens; Advanced Alternative Payment Models (APMs), and Merit-based Incentive Payment System (MIPS).
We reference this interesting white paper as it provides a closer look at MIPS, covering areas of interest such as:
- What is MIPS?
- Penalties & Incentives
- Impact of MIPS
- Ways to Prepare
MACRA is a controversial topic to many. Click HERE for information and join the conversation…