The Medicare Access & CHIP Reauthorization Act of 2015, otherwise known as MACRA, changes how Medicare pays clinicians who provide care to Medicare beneficiaries through the establishment of the new Quality Payment Program (QPP).
Under MACRA, a new unified provider payment framework was created that rewards health care providers who render better care not just more care. Within the new framework, eligible providers can choose from two payment pathways:
- The Merit-based Incentive Payment System (MIPS)
- Advanced Alternative Payment Models (AAPMs)