On Thursday, President Obama signed the Medicare Access and CHIP Reauthorization Act, known as “MACRA”. The passing of this legislation ends the series of “doc fixes” and provides 0.5% physician payment rate increases in the next coming years.
MACRA Payment Details:
- Merit-based Incentive Payment Program (MIPS): Replaces previous physician payment incentives
- Alternative Payment Models (APMs): Physicians can opt for an alternative program that requires slightly higher payments in return for participation in certain APMs.
The President commended the legislation due to the support from both parties. The legislation improves physician reimbursement and encourages payments based on quality.
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