The mother ship has landed. On Wednesday, April 27, the Centers for Medicare and Medicaid Services (CMS) released the highly anticipated proposed rule that would establish key parameters for the new Quality Payment Program, a framework that includes the Merit-based Incentive Payment System (MIPS) and Alternative Payment Models (APMs). These policies were established by the latest, permanent ‘doc fix,’ the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA).
For additional background, please refer to recent Health Affairs Blog posts on MACRA, MIPS, andAPMs, as well as a comprehensive brief on MACRA. This post briefly outlines the key elements of the proposed rule.