From AAFP.org:
How does the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) impact my Medicare payments?
MACRA impacts Medicare payments in three ways. The law:
- Repeals the flawed Medicare sustainable growth rate (SGR) formula that calculated payment cuts for physicians.
- Creates a new framework for rewarding physicians for providing higher quality care by establishing two tracks for payment:
- Merit-based Incentive Payment System (MIPS), and
- Alternative Payment Models (APMs)
- Consolidates three existing quality reporting programs (Physician Quality Reporting System, Value-based Payment Modifier, and meaningful use), plus adds a new performance category, into a single system through MIPS.