On Friday, Oct. 14, 2016, the Centers for Medicare & Medicaid Services (CMS) finalized its ruling on the implementation of the Quality Payment Program (QPP) established under the Medicare Access and CHIP Reauthorization Act (MACRA). The QPP establishes two new avenues for quality-based reporting – the Merit Based Incentive Payment System (MIPS) and Alternative Payment Models (APMs). Reporting for these programs begins Jan 1, 2017.
CMS has created a number of new resources to ease clinician’s transition to MIPS and APMs. Members are encouraged to review the CMS QPP fact sheet and visit the QPP website for more information. The AASM will continue to develop and highlight resources on MACRA in the coming months.