TMA presents PQRIwizard, a simple and cost-effective online tool that eligible physicians can use to collect and report quality measure data under the Physician Quality Reporting System (PQRS), an initiative created by the Centers for Medicare & Medicaid Services (CMS) in 2007.
In 2011, reporting for PQRS (formerly PQRI) will earn physicians 1 percent of their total allowed charges for Medicare Physician Fee Schedule services. Physicians who do not report data to PQRS will see a 1.5-percent cut in their payments in 2015. That penalty increases to 2 percent in 2016 and subsequent years.
PQRIwizard guides you through four easy steps: (1) select your measures, (2) register, (3) enter chart data from 30 Medicare Part B patients, and (4) review and submit. You will answer a series of questions for each patient. PQRIwizard will let you know when your report is complete and ready to submit to CMS.
The tool's Progress Monitor tracks data so that you have continuous feedback on patients. It provides an alert when all submission criteria have been met and data are ready for you to review and submit. The system calculates measures and provides a printable report of measure results in real time.
After CMS reviews and accepts your data, you will receive an incentive payment equal to 1 percent of your total Medicare Part B Physician Fee Schedule charges for all covered services provided during the reporting period. In other words, the incentive covers all payments received from Medicare fee-for-service, not just those that are applied to the services reported.
The TMA discounted fee for PQRIwizard is $250. The tool enables you to participate in the PQRS program without modifying your billing process. On average, 2009 bonus payments for satisfactory reporters in PQRS were $1,956 per eligible professional.
Interested? Then access the PQRIwizard and begin enrolling for your 2011 incentive. For more information, contact the TMA Knowledge Center at (800) 880-7955 or by email.
Action, June 15, 2011