Medicare Quality Payment Programs
The way healthcare professionals are paid under Medicare has been transitioning from a volume-based payment system to a value-based payment system, for years. The Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) called for the Centers for Medicare & Medicaid Services (CMS) to step up their efforts. CMS responded with the Quality Payment Program, which offers two tracks for participation: the Merit-based Incentive Payment System (MIPS) and Advanced Alternate Payment Models (APMs). Beginning in 2019, MIPS and Advanced APMs will provide incentives to eligible clinicians who meet program requirements. These models will also change the way quality care is assessed. The movement will take years to fulfill, and it will require practices to remain current on developments and deadlines. As the implementation of the Quality Payment Program unfolds, consult this page for the latest news, assessments, and strategies for success.
