As 2014 draws to a close, so does the 2014 PQRS reporting year. This is the last year to earn an incentive bonus (.5 percent), and the second year to avoid a payment adjustment (2 percent). Also, for groups of 10 or more physicians, avoiding the 2016 payment adjustment by participating in PQRS in 2014 will allow you to avoid an automatic 2 percent payment adjustment as part of the value based payment modifier program. So with the threat of as much as a 4 percent payment adjustment, it’s important to participate.
Here are a few tips to help you wrap up 2014 PQRS.
- If you have done nothing related to PQRS for the 2014 reporting year, your options are limited. You can no longer participate as a group in any of the GPRO reporting methods, and you do not have time to achieve a 50 percent reporting rate for claims reporting. It may still be possible to participate in PQRS for the 2014 calendar year as individual providers via the qualified registry, EHR, or qualified clinical data registrymethods. Follow the links for more details.
- If you are participating via the claims reporting option as an individual provider, continue to submit the quality data codes for your chosen measures through Feburary 2015 for 2014 dates of service.
- If you are participating as an individual provider or group via the qualified registry, EHR, or qualified clinical data registry options, get in touch with your vendors to confirm data submission guidelines and deadlines.
- If you are participating in any of the GPRO options, make sure you have your staff and administrator access up-to-date for the physician value portlet at the CMS.gov Enterprise Portal.
Take time to today to review your 2014 PQRS strategy.
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