Partner with DrChrono to Make MACRA and MIPS Attestation Easy
What is MACRA?
The Medicare Access and CHIP Reauthorization Act (MACRA) was signed on April 16, 2015. It replaced the previous Medicare reimbursement schedule and ended the Sustainable Growth Rate formula with a new pay-for-performance program focusing on quality, value, and accountability instead of the previous fee-for-service model.
Fee-for-Service Pay-for-Performance
MACRA replaced the Physician Quality Reporting System (PQRS), Value-based Payment Modifier (VBM), and the Medicare Electronic Health Record (EHR) incentive program. In doing so, they simplified them into one Quality Payment Program (QPP) with two paths: the Merit-based Incentive Payment System (MIPS) and Advanced Alternative Payment Models.
What is MIPS?
The Merit-based Incentive Payment System (MIPS) is a performance-based program where eligible clinicians may earn positive (up to 9%, not including additional positive adjustments for exceptional performance) or negative (up to -9%) payment adjustments for the services they provide to Medicare patients. The 2022 performance year has set the performance threshold to a score of 75 points to earn a neutral payment adjustment for fiscal year 2024 reimbursements.
30% Each,
for Quality and Cost
25% for
Promoting Interoperability
15% for
Improvement Opportunities
Want to Learn More?
How EHR Integration Can Improve MIPS Reporting and Increase Incentives
What Is MIPS? A Complete Guide for Healthcare Professionals
Electronic Prior Authorization – Why Your Practice Needs this Technology Now
