The Medicare Access and CHIP Reauthorization Act (MACRA) combines parts of the Physician Quality Reporting System (PQRS), Value-based Payment Modifier (VBM), and the Medicare Electronic Health Record (EHR) incentive program into one single program called the Merit-based Incentive Payment System, or “MIPS”.
The data submitted for the MIPS metrics in 2017 will determine the level of Medicare payment in 2019. During the past six months, EGO has been collecting monthly data by site and service line. This information has been submitted to Medicare by EGO on our behalf.
VEP will not incur a penalty in 2019 at all of our sites!
Moving forward, we will be providing site specific performance updates via Rob Wyman’s Medical Directors’ call. Information regarding each metric and the needed documentation will be provided using the Medical Director section of the VEP portal, which is accessible HERE.
Kevin Dement, our Senior Director of Revenue Cycle Management has watched over the creation of the monthly report. He has done all the heavy lifting with EGO to insure VEP sites are MACRA compliant.
In the fourth quarter of 2017, we will be reviewing the 2018 metrics. As we are sure there will be changes to the MACRA process and associated performance thresholds, we want to make sure our workflow and feedback processes are in place.