The Centers for Medicare and Medicaid Services on Friday released the final version of its physician Quality Payment Program under Medicare Access & CHIP Reauthorization Act (MACRA) that it said adds flexibility like 90-day reporting to the program to overhaul how physicians are paid under Medicare. MACRA goes into effect January 1, 2017 and this year’s penalty for not participating will be 4%, which will be seen on MCARE 2019 reimbursements. CMS is giving providers who are not fully prepared to start reporting on quality measures for 2017 the option to pick a 90-day reporting period instead of having to report for the full year.
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For more detailed information about CMS MACRA and MIPS, please visit: https://qpp.cms.gov/