On April 16, 2015, the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) was signed into law. The legislation’s purpose was two-fold. It repealed the sustainable growth rate (SGR) and introduced a new quality reporting program called the Merit-Based Incentive Payments System (MIPS).
As we enter into 2016, MIPS will take on more importance as some of the requirements of the program start to take shape. Here are the five key things you need to know about MIPS.