10 FAQs About the Merit-based Incentive Payment System (MIPS)
By SA Ignite
On October 14, 2016 CMS released the final rule for on of the most bipartisan and significant Legislative changes to Medicare in a generation, the Medicare Access and CHIPS Re-authorization Act of 2015 (MACRA). MACRA repeals the Medicare Part B Sustainable Growth Rate (SGR) reimbursement formula and replaces it with a new value-based reimbursement system called Quality Payment Program (QPP). The Quality Payment Program consists of two major tracks:
- The Merit-based Payment System (MIPS)
- Advanced Alternative Payment Models (Advanced APMs)
This paper includes information from the CMS proposed rule issued in June 2017.