280,229 eligible professionals participated individually in the 2011 PQRS
Total of $261,733,236 in PQRS incentive payments was paid by CMS for the 2011 program year
282,382 eligible professionals participated in the 2011 eRX incentive program (116% increase from total participants in 2010)
$285,049,103 in eRx incentive payments was paid for the 2011 program year
135,931 eligible professionals were subject to the 2012 eRx payment adjustment because they did not qualify for exemption, meet exclusion criteria, or did not meet eRx reporting requirements in the first half of 2011.
The average PQRS incentive payment per provider is $935
Average eRx incentive payment per provider is $1009
About the Physician Quality Reporting System
What is it?
PQRS is the Physician Quality Reporting System. It is ultimately a way to encourage the reporting of quality information by eligible professionals. PQRS is made up of incentive payments and payment adjustments to eligible professionals.
How are incentives determined?
Eligible professionals (EP) are identified on their claims by their individual National Provider Identifier (NPI) and Tax Identification Number (TIN). Incentive payments are given when an EP reports data on quality measures (determined by CMS) for their services provided to Medicare Part B Fee-for-service (FFS) beneficiaries. A payment adjustment will begin in 2015 to all EPs who do not report data on quality measures for these covered services.
What is being reported?
As mentioned above, incentive payments are based off of quality measures being reported. The Centers for Medicaid and Medicare services (CMS) implements Physician Quality Reporting through regulations published in the Federal Register.
How Do I participate?
To participate in the Physician Quality Reporting you must qualify. There is certain criteria to qualify you and it is specified by CMS for a particular reporting period.
2013 Physician Quality Reporting
EPs may choose to report information on individual Physicians Quality Reporting quality measures or measures groups:
To CMS on their Medicare Part B claims
To a qualified Physicians Quality Reporting registry
To CMS via a qualified electronic health record product
To a qualified Physician Quality Reporting data submission vendor
If you are an EP and you meet the criteria and report the quality measures in one of the ways listed above for services during the 2013 reporting period you will qualify to earn a Physician Quality Reporting incentive payment equal to 0.5% of your total estimated Medicare Part B Physician Fee Schedule (PFS) allowed charges for covered professional services furnished during that same reporting period.
If your practice is not taking advantage of these incentive payments, you are foregoing "free income" that should be a byproduct of your workflow. GroupOne shows it clients how to setup their EHR system so that the requirements for these incentive payments happen as part of typical workflow.