HCTTF January 27, 2022
The Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) is designed to encourage providers to move into value-based care arrangements that prioritize high-quality, patient-centered care. Under MACRA’s creation of the Quality Payment Program (QPP), two tracks are offered to providers: the Merit Based Incentive Payment System (MIPS) and the Advanced Alternative Payment Models (AAPMs) track. MACRA encourages providers to participate in the AAPM track and have greater accountability for care and higher levels of risk and reward by providing a 5% Advanced APM incentive payment for all qualified providers in addition to the normal Medicare physician fee schedule payment. However, 2022 represents the final performance year (PY) for providers to be eligible for this payment incentive. After PY 2022,...
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