Physicians will receive a 1.5 percent payment reduction penalty from Medicare in 2015 if they do not participate in the Physician Quality Reporting System this year, according to a report from Medscape.
Physicians have until Oct. 15 to take advantage of the program. The program was previously voluntary and physicians who participated were given a small bonus, but it because mandatory this year. Individual physicians report performance data on quality measures through Medicare claims, electronic health records, patient registry or another outside data capturing system, according to the report.
In 2016, the penalty will increase to a 2 percent reduction in reimbursement for non-participating physicians.
Two other ways for physicians to avoid the penalty is to submit performance data early next year or ask CMS to use 2013 claims to calculate their quality grade.
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Physicians have until Oct. 15 to take advantage of the program. The program was previously voluntary and physicians who participated were given a small bonus, but it because mandatory this year. Individual physicians report performance data on quality measures through Medicare claims, electronic health records, patient registry or another outside data capturing system, according to the report.
In 2016, the penalty will increase to a 2 percent reduction in reimbursement for non-participating physicians.
Two other ways for physicians to avoid the penalty is to submit performance data early next year or ask CMS to use 2013 claims to calculate their quality grade.
More Articles on Physicians:
Scripps Clinic Surgeons Perform Knee Surgery on San Diego Padre Chase Headley
Dr. Jason Jancosko Joins The Orthopedic Center
Dr. Cindy Chang Receives Sports Medicine Award
