On October 14, HHS finalized its policy implementing the
Merit-Based Incentive Payment System (MIPS) and the Advanced Alternative
Payment Model (APM) incentive payment provisions in the Medicare Access and
CHIP Reauthorization Act of 2015 (MACRA), collectively referred to as the
Quality Payment Program. The new Quality Payment Program will gradually
transform Medicare payments for more than 600,000 clinicians across the
country, and is a major step in improving care across the entire health care
system.
The final rule with comment period offers a fresh start for
Medicare by centering payments around the care that is best for the patients,
providing more options to clinicians for innovative care and payment
approaches, and reducing administrative burden to give clinicians more time to
spend with their patients, instead of on paperwork.
Accompanying the announcement is a new Quality Payment Program website, which
will explain the new program and help clinicians easily identify the measures
most meaningful to their practice or specialty.
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