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Part B Payments: CMS Launches Plan to Reform Medicare Payment Model

Posted on 08. Apr, 2015 by in Provider News

You could be tying half of your pay to quality within three years.

Although Medicare’s fee-for-service payment model has most likely been the norm as long as your practice has been accepting Part B payments that could change in the not-too-distant future.

On Jan. 26, HHS Secretary Sylvia M. Burwell announced a new plan that will allow CMS to reimburse providers based on quality of care, rather than the number of procedures and services they provide.

“HHS has set a goal of tying 30 percent of traditional, or fee-for-service, Medicare payments to quality or value through alternative payment models, such as Accountable Care Organizations (ACOs) or bundled payment arrangements by the end of 2016, and tying 50 percent of payments to these models by the end of 2018,” CMS reps said in a statement. “This is the first time in the history of the Medicare program that HHS has...

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