Medicare Unveils Plan for New Medicare Physician Payment System

On April 27, 2016 the Centers for Medicare and Medicaid Services (CMS) released the Merit-Based Incentive Payment System (MIPS) and Alternative Payment Models (APMs) in Medicare Fee-for-Service (CMS-5517-P) Proposed Rule. This Proposed Rule implements the Medicare Access and CHIP Reauthorization Act (MACRA) of 2015 which repealed the Sustainable Growth Rate (SGR) and mandates significant and historic changes to Medicare physician payment.

 

MACRA will impact millions of clinicians across all specialties that provide services to Medicare beneficiaries. This presentation is a guide to understanding the major components of this complex Proposed Rule in a brief and easily understandable format.