MACRA-What Is It?
MACRA stands for the Medicare Access and CHIP Reauthorization Act of 2015
MACRA repealed the Medicare sustainable growth rate (SGR) methodology for updates to the physician fee schedule (PFS).
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.
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.
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