Healthcare Informatics: The Centers for Medicare & Medicaid Services (CMS) has announced new opportunities for clinicians to join advanced alternative payment models (APMs) under the Quality Payment Program created through the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA).
With the release of the MACRA final rule earlier this month, federal officials have designed what they call a more modern, patient-centered Medicare program, the Quality Payment Program, which will reform Medicare payments for more than 600,000 clinicians across the country by promoting quality patient care while controlling escalating costs through the Merit-Based Incentive Payment System (MIPS) and incentive payments for advanced Alternative Payment Models (Advanced APMs). Clinicians that have sufficient participation in an advanced APM will be exempt from MIPS reporting requirements and payment adjustments.
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