With summer now in full swing, I’m going through my summer attire and have found myself questioning my fashion style. I feel like it’s time to trade in my classic look for something more stylish!
I see a similar trend when I talk with clients about PQRS reporting—they are looking to revamp their reporting style. With more providers subject to penalties under both the Physician Quality Reporting System (PQRS) and the Value-Based Payment Modifier (V-BPM) programs, there is more riding on quality reporting—so it is important to ensure you are dressed for success.
Why building the right quality reporting “wardrobe” is important to your revenue:
If not reporting PQRS in 2015:
- All PQRS-eligible providers are subject to a 2% PQRS penalty in 2017 and
- An additional Value-Based Payment Modifier penalty based on group size:
- 2% for Solo practitioners and groups of 2-9 providers
- 4% for groups of 10 or more providers
If reporting PQRS in 2015, practices will be evaluated on quality and cost:
- Solo practitioners and groups of 2-9 PQRS-eligible providers could see a potential increase of up to 2% in 2017
- Groups of 10 or more providers could receive between a 4% penalty and a 4% incentive
Select the option that’s the best style and fit for you from the list below:
Are you dressed for quality reporting success? Let us know what ensemble fits you the best!
Prior to joining SRS, Christine worked at NYU for 11 years where she also obtained her Bachelor of Science in Healthcare Management.
Latest posts by Christine Schiff (see all)
- MIPS 2018 New Year Resolutions - January 29, 2018
- Achieving Value-Based Care – Making the Right Partnership for Success - October 19, 2017
- Patient Engagement: Build a Strategy for Patient Empowerment - August 24, 2015