The Centers for Medicare and Medicaid Services has released a draft plan outlining how the agency will use quality measures to support the transition to a new Merit-based Incentive Payment System (MIPS) and alternative payment models (APMs) for providers.
The Medicare Access and CHIP Reauthorization Act of 2015 (MACRA), passed by Congress earlier this year, repealed the Medicare sustainable growth rate methodology for updates to the physician fee schedule and replaced it with MIPS and APMs. MACRA effectively sunsets payment adjustments for three existing clinician reporting and incentive programs—Physician Quality Reporting System (PQRS), Value-based Payment Modifier (VM), and the Meaningful Use Electronic Health Record Incentive Program for eligible professionals.
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