POSTED: April 17th, 2015
POSTED IN: Legislative Updates,
This week through bipartisan legislation, congress voted to overturn the SGR. Included in this, CHIP was reauthorized for another 2 years. The legislation also outlines:
- Medicare’s current quality reporting programs will be streamlined and simplified into one merit-based incentive payment system, referred to as “MIPS.” This consolidation will reduce the aggregate level of financial penalties physicians otherwise could have faced.
- Protections are included so that medical liability cases cannot use Medicare quality program standards and measures as a standard or duty of care.
- Incentive payments will be available for physicians who participate in alternative payment models and meet certain thresholds.
- Technical support will be provided to help smaller practices participate in alternative payment models or the new fee-for-service incentive program.
Please go to the following link for more information.