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Health Reward Stat of the Day – May 18

money and steth pic

Nearly 40% of health-care providers treating Medicare patients will have their payments docked 1.5% this year because they didn’t submit data on patients’ health to the government, the Centers for Medicare and Medicaid Services said. In addition:

  • More than 460,000 providers failed to comply with the Physician Quality Reporting System in 2013, of about 1.25 million eligible providers, according to the CMS report released last week. Some 70% of those that didn’t participate treat fewer than 100 Medicare patients a year, the agency said.
  • Meanwhile, nearly 642,000 providers did comply in 2013 and will earn a 0.5% boost in payments this year.
  • Some 257,000 providers are also seeing their Medicare pay cut 1% this year for not meeting federal targets for using electronic medical records in 2013. Hundreds more in large group practices are being docked a further 0.5% to 1% this year under a complicated cost-and-quality adjustment, the Value-Based Payment Modifier.
  • The CMS report said participation in the quality-reporting program had grown from 15% of those eligible in 2007 to 51% last year.

http://www.wsj.com/articles/medicare-provider-penalties-incentives-detailed-in-report-1430089439

 

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