Time is Ticking to Participate in MACRA for 2017
The Medicare Access and CHIP Reauthorization Act (MACRA), passed in 2015, repealed the flawed sustainable growth rate (SGR) formula and created the Quality Payment Program (QPP) with two payment pathways for physicians: the Merit-based Incentive Payment System (MIPS) and Advanced Alternative Payment Models (Advanced APMs). The QPP streamlines Medicare reimbursement and is intended to pay for value. During this first transition year, neurosurgeons who are otherwise not exempt from the MIPS program are allowed to pick their pace of reporting in 2017 and can report on one patient, one measure and receive no penalty. Details about the QPP are available by clicking here. In addition, the American Medical Association has extensive resources, which can be accessed here. Act now to avoid a four percent Medicare payment penalty in 2019.
For more information on these or other health policy issues, please contact Katie O. Orrico, director of the AANS/CNS Washington Office at email@example.com.