What's the Quality Payment Program?
The Quality Payment Program improves Medicare by helping you focus on care quality and the one thing that matters most — making patients healthier. The Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) ended the Sustainable Growth Rate formula, which threatened clinicians participating in Medicare with potential payment cliffs for 13 years. If you participate in Medicare Part B, you are part of the dedicated team of clinicians who serve more than 55 million of the country’s most vulnerable Americans, and the Quality Payment Program will provide new tools and resources to help you give your patients the best possible care. You can choose how you want to participate based on your practice size, specialty, location, or patient population.
The Quality Payment Program has two tracks you can choose:
- Advanced Alternative Payment Models (APMs) or
- The Merit-based Incentive Payment System (MIPS)
Rapid Changes for 2017 - Are You Ready ?
The Facts:
- If you're ready, you can begin January 1, 2017 and start collecting your performance data.
- If you're not ready on January 1, you can choose to start anytime between January 1 and October 2, 2017.
- Whenever you choose to start, you'll need to send in your performance data by March 31, 2018.
- You can also begin participating in an Advanced APM.
How will the Quality Payment Program change my Medicare payments?
Depending on the data you submit by March 31, 2018, your 2019 Medicare payments will be adjusted up, down, or not at all. The information provided below is only relevant for the 2019 payment year. CMS will provide additional information on payment adjustments for 2020 and beyond beginning next year.
For more information and/or details on how HPP Management Group and assist you, please contact us at :
psilben@hppcorp.com or pesilverio@hppcorp.com
Our Numbers:
305-227-2383 1-877-9389311 786-231-7585
