The proposed legislation would repeal the current sustainable growth rate formula and create a merit-based incentive payment system that streamlines the Physician Quality Reporting System, Value Based Modifier and meaningful use into one program. The legislation would also eliminate penalties from these programs in 2018.
The Act provides a 0.5 percent annual update through 2018 and then the 2018 rates would be maintained through 2023 with the opportunity to receive bonus payments through MIPS participation. Furthermore, the legislation establishes a threshold to determine a physician’s score under MIPS instead of pitting physician-against-physician.
Finally, any quality measures would be established with physician consultation.
“NASS applauds Congress for setting aside politics and putting our nation’s most vulnerable citizens — seniors and people with disabilities — first,” says John Finkenberg, MD, NASS Advocacy Committee Chair in a news release. “While this proposed legislation is not perfect, it significantly improves upon the flawed sustainable growth rate formula and more fairly reimburses providers without jeopardizing patients’ access to high-quality care.”
More Articles on Spine Surgery:
Innovation in Spine, MIS, Biologics & More: Can Anything Stem the Flow?
20 Spine Surgeons & Specialists on the Move
The Cutting-Edge of Spine Care: Building a Multidisciplinary Program From Hoag Neurosurgery Spine
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.