RevCycle Intelligence October 23, 2017
Eligible clinicians can prevent a Merit-Based Incentive Payment System penalty in 2017 by selecting the right measures and engaging their vendors and physicians.
Medicare providers who qualify to participate in MACRA’s Merit-Based Incentive Payment System (MIPS) face up to a 4 percent incentive payment or penalty based on their performance in 2017.
Despite MIPS putting revenue at risk, many providers have yet to prepare, or even understand, the value-based reimbursement program, which launched in January 2017.
Only about one-half of providers said that they were somewhat knowledgeable of the value-based reimbursement tracks in MACRA, a recent American Medical Association and KMPG survey revealed.
Another 41 percent stated that they had heard of the program, but would not consider themselves knowledgeable....
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