MACRA-What Is It?
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MACRA stands for the Medicare Access and CHIP Reauthorization Act of 2015
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MACRA repealed the Medicare sustainable growth rate (SGR) methodology for updates to the physician fee schedule (PFS).
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SRG was replaced with two new alternatives: the Merit-based Incentive Payment System for certain eligible clinicians or groups under the PFS, and Alternative Payment Models.
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On May 9th, CMS issued a proposed rule entitled Merit-Based Incentive Payment System (MIPS) and Alternative Payment Model (APM) Incentive under the Physician Fee Schedule, and Criteria for Physician-Focused Payment Models. The proposed rule would establish key parameters for the new Quality Payment Program, including:
- Merit-based Incentive Payment System (MIPS); and
- Alternative Payment Models (APMs)
- See CMS Fact Sheet for additional information
- The latest updates from CMS are posted here.