The Medicare Access and CHIP Reauthorization Act of 2015, commonly referred to as MACRA, replaces an outdated Medicare payment system, setting into motion two pathways in which clinicians will participate in order to receive Medicare payment: the Merit-Based Incentive Payment System and Advanced Alternative Payment Models. While the details of MACRA are still being ironed out, it’s important to understand this new era of Medicare payment and the four core components that clinicians will be measured on: quality, resource use, clinical practice improvement and meaningful use of certified electronic health records.
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