June 07, 2013
CMS Discusses PQRS and the Value based Payment Modifier
In order to avoid a negative Value-Based Payment Modifier (VBPM) adjustment in 2015 (with performance period of 2013), anesthesia groups of 100 or more eligible professionals (EP) must sign up for or "self-nominate" for the 2013 Physician Quality Reporting System (PQRS) program through the Group Payment Reporting Option (GPRO). (NOTE: If groups of 100 or more EPs don’t register and report, they face a -1.0 percent Value-Based Payment Modifier penalty in 2015 in addition to any PQRS penalty.) On June 5, 2013, the Centers for Medicare and Medicaid Services (CMS) hosted a National Provider Call on "Getting Started with PQRS Reporting: Implications for the Value-Based Payment Modifier" to help you understand what you will need to do."
The presentation materials describe in detail the process impacted groups will need to do along with the timeline that should be followed. This may be complex for some so it is important to review these materials and get started as soon as possible. CMS assistance is available from the QualityNet Help Desk at (866) 288-8912 or email@example.com.
Soon CMS willl post an audio recording of the call and transcript of the call here.
The next National Provider Call on PQRS will be on July 31, 2013.
Review the presentation materials.