As Deadline Nears, ACA and FCA Provide Resources on PQRS
The ACA recently provided an important reminder to DCs on the Physician Quality Reporting System (PQRS). Centers for Medicare and Medicaid Services’ (CMS) gave providers five years (2008-12) to learn how to properly participate in this system. Beginning in January 2012, physicians and other providers who reported certain quality measures may be eligible for a 0.5% payment incentive, to be paid in the third quarter of 2013. However, the ACA reminded, “CMS recently ruled that providers not successfully/satisfactorily participating in PQRS by the 2013 reporting period (Jan. 1 - Dec. 31, 2013), will have their Medicare reimbursement decreased by 1.5 percent beginning in 2015, and 2 percent in 2016. Therefore, the 2012 reporting period is the last opportunity providers have to voluntarily participate in PQRS and learn how to report successfully/satisfactorily while incentives are still offered and their Medicare reimbursement is not subject to penalties.”