Here’s How to Avoid Medicare Payment Penalties

People learn things in different ways. Some of us just need to be told something to understand it. Others need to physically do an activity to learn it. Still other people are visual learners: They need to see in order to do.

If you're in that latter, visual group, and you're still trying to wrap your brain around the Merit-Based Incentive Payment System (MIPS), you should check out a new video developed by the American Medical Association. It's fairly short — 3 minutes, 27 seconds — and explains step-by-step how you can avoid a 4-percent Medicare penalty in 2019.

If you want to watch, check it out here. If you learn by reading, continue below.

As we've been telling you, the Medicare Access and CHIP Reauthorization Act (MACRA) Quality Payment Program has two paths: MIPS and advanced alternative payment models (APMs). If you are not in an advanced APM and are not exempt from MIPS in 2017 (here's where you can figure that out), you can avoid a 4-percent penalty in 2019 by reporting on just one quality measure for one patient this year.

Seriously, that's all you have to do to avoid losing money.

If you want more information, you can find links to the Centers for Medicare & Medicaid Services’ quality measure tools and an example of a completed 1500 billing form on the AMA website.

If you want even more information, TMA has a wealth of online resources to help you understand and manage MACRA.

Action, July 17, 2017

Last Updated On

August 01, 2017

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