Reports show 2017 Medicare payment adjustments

Two new reports are now available with information on 2015 cost and quality data that indicate which physicians or practices will see related Medicare payment adjustments in 2017. The 2015 Physician Quality Reporting System (PQRS) Feedback Reports and 2015 Annual Quality and Resource Use Reports (QRUR) were released on Sept. 26. The Centers for Medicare& Medicaid Services (CMS) began mailing 2015 PQRS penalty letters to physicians on that date as well.What ’s in the reports A penalty letter is your notification that you are scheduled to receive a two percent penalty in 2017 based on 2015 PQRS reporting. Letters are only issued to those who will receive negative payment adjustments, but if you do not receive a letter it is still a good idea to check your reports for any discrepancies. The PQRS feedback report allows you to look up whether you will receive a two percent 2017 PQRS penalty, and also contains detailed information on program year 2015 PQRS reporting results The 2015 Annual QRURs provide information on your practice performed on quality and cost measures used in the Value Modifier (VM) and whether your VM payment adjustment will be positive, negative or neutral and also details the specific amount. VM penalties can range from -1 to -4 depending on practice size and performance. Bonus payments depend on how much money is collected from penalties and to date the 2017 bonus size has not been publically announced. Drill-down tables in the reports contain detailed ...
Source: AMA Wire - Category: Journals (General) Authors: Source Type: news