By now you’ve heard of the sweeping changes undergoing Medicare payment as a result of the passage of the landmark Medicare Access and CHIP Reauthorization Act (MACRA) legislation. Passed in 2015, this legislation created the Quality Payment Program (QPP), which implemented several new reporting requirements as well as the consolidation of previous reporting programs. One of the largest changes to the Medicare program, as a result of this legislation, was the creation of a second payment pathway. Medicare providers will now have the opportunity to choose whether to report under the Merit-based Incentive Payment System (MIPS) or the more innovative program – Advanced Alternative Payment Models (APMs).
Even if you know the basics of this expansive program, it remains difficult to understand where you and your practice fit into this shifting landscape. The purpose of this article is to provide more information about the lesser-known of the two pathways, advanced...
