Monday, June 23, 2014

PQRS 2014





   
 
PQRS Primer

The Centers for Medicare and Medicaid Services (CMS) established the PQRS program (formerly PQRI or Physician Quality Reporting Initiative) as part of the 2006 Tax Relief and Health Care Act. This act created a voluntary program where eligible professionals could report on quality health measures for covered professional services provided to Medicare beneficiaries and in return, earn an incentive for successful reporting. Right now PQRS is a payforreporting system in which incentive payments are based on reporting quality measures instead of achieving clinical outcomes.

 
Why Report?

 Eligible professionals who successfully report PQRS measures are eligible to receive 0.5% of their total estimated Medicare Part B Physician Fee Schedule allowed charges for covered professional services furnished during 2012. The incentive will remain at 0.5% in 2013 and 2014 before being eliminated in 2015.

 
On the flip side, failure to successfully report on quality measures will result in a payment adjustment or reduction of your Medicare Part B Physician Fee Schedule amounts beginning in 2015. FSY 2015 may be a  year away; however, the 2015 payment adjustment will be based on PQRS performance in 2013.

 In other words, providers must be successful PQRS reporters in 2013 or face a 1.5% fee schedule reduction in 2015. This payment adjustment will increase to 2% in 2016 and subsequent years.

 
Steps for Successful Reporting
 
Your providers can be successful PQRS reporters by following these easy steps:
 

Ø  Determine Eligibility

Ø  Determine How You will Participate

Ø  Determine How You will Report

Ø  Select Your Measures*****

Ø  Review Measure Specifications and Reporting Criteria

Ø  Ready, Set, Report!

 
 

Tips for Successful Reporting

 Improve your chances of earning the PQRS incentive by following a few easy tips:

      Ø  Report more than the minimum

Ø  Check for remark code N365*****

Ø  Review the measures each year

 

Remarks:

***** Select Your Measures

option of reporting on 25measures groups [ Review the individual measures within the Measure Group ]

 
***** Check for remark code N365

After you submit your claims with the PQRS quality data codes, check your remittance advices for remark code “N365” which indicates that the PQRS data was submitted to the National Claims History file. It does not mean that the quality data codes reported were accurate or that you’re guaranteed to receive an incentive but does indicate that the transmission was successful.

 
In this age of declining reimbursement your practice cannot afford to pass up on incentive programs such as PQRS. Start reporting today so your practice can claim its share of incentive dollars and become a PQRS success!

 
For more information call AccuChecker at 305-227-2383


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