As we covered in our blog post, The Sun Sets on SGR and Rises on MACRA, Department of Health and Human Services Secretary, Sylvia Burwell had issued a long term timeline for two reform goals to deliver the new Quality Payment Program system. According to Burwell, 50 percent of medicare payments are to be tied to participation in an Alternative Payment Model (APM) by the end of 2018 and she adds that the physician community is on track to meeting this goal.
As for the majority of physicians, who will need to transition much more slowly from fee-for-service to the Quality Payment model, Burwell presented a goal of 85 percent of FFS payments to be tied to quality and value by the end of 2016 and 90 percent by 2018. This goal is to be attained by way of the Merit-based Incentive Payment System (MIPS), which will begin its reporting period on January 1, 2017. Here is a timeline for MIPS and how it will affect you in the near future.
*Make sure you find out what steps your EHR vendor is making to ensure your success and be MACRA-ready well before January.