December 16, 2014
Season’s Greetings from CMS: You Owe 1.5 Percent for a PQRS Reporting Failure
‘Tis the season to be jolly—unless your health care organization is one of many last week that received a letter from the Centers for Medicare and Medicaid Services (CMS) informing you that at least one of your providers was eligible to participate in PQRS in 2013, but failed to do so—and that a penalty is coming in 2015. Those who did not successfully report at least one PQRS measure in 2013 will only be reimbursed 98.5 percent on all allowable 2015 Medicare Part B charges—a 1.5 percent cut. Ready or Not, the Penalties Were Based on 2013 PQRS Reporting…
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