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Merit-Based Incentive Payment System (MIPS)

Merit-Based Incentive Payment System (MIPS)

The Medicare Access and CHIP Reauthorization Act (MACRA) passed by Congress in 2015, removed the Sustainable Growth Rate (SGR) assessment used to control Medicare spending. This change removed the requirement of Congress voting on and authorizing changes to the physician fee schedule. The Physician Quality Reporting System (PQRS) transitioned into the Quality Payment Program (QPP). Medicare now rewards high-value, high-quality Medicare clinicians with payment increases – while at the same time reducing payments to those clinicians who are not meeting performance standards.

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