Avoid a 2 % Cut to Your Medicare Reimbursement! You Only Have 5 Months Left!

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Question:

A colleague told me that unless I am providing quality data to Medicare by the end of this year I will see a 2% reduction in my total Medicare reimbursement in 2015. Is she right?

Answer:

Yes, your colleague is correct! Medicare’s Physician Quality Reporting System (PQRS), has been providing financial incentives to participants since 2007. Starting in 2015 and every year thereafter, physicians who do not participate by the end of this year will be subject to financial penalties (or as Medicare calls them “payment adjustments”). You still have 5 months to avoid this penalty by meeting minimal reporting requirements; reporting a quality measure on a single patient before December 31, 2013. To learn more about how to avoid this penalty and become part of this quality reporting system, KZA has developed a webinar with all you need to know. Go to the product section of the KZA website and look for the 30 minute PQRS webinar or call one of our KZA consultants today!

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