Join McKenna Stephens, CFP and Stephanie Tsang, CFP, CEPA both financial advisors at North Star…
|The Centers for Medicare & Medicaid Services (CMS) issued a proposed rule that would make changes in the second year of the Quality Payment Program as required by the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA). CMS reports the changes are designed to simplify the program, especially for small, independent, and rural practices, while ensuring fiscal sustainability and high-quality care within Medicare. In the proposed rule, clinicians can choose how they want to participate in the Quality Payment Program based on their practice size, specialty, location, or patient population. The proposed rule would amend some existing requirements and also contains new policies for doctors and clinicians participating in the Quality Payment Program that would encourage participation in either Advanced Alternative Payment Models (APMs) or the Merit-based Incentive Payment System (MIPS). Click here for a fact sheet on the proposed rule. For more information about the Quality Payment Program, please visit: qpp.cms.gov.