On April 27, 2016, the Centers for Medicare & Medicaid Services (CMS) released for public display a proposed rule to implement Section 101 of the Medicare Access and CHIP Reauthorization Act (MACRA), which repealed the Sustainable Growth Rate (SGR) methodology for updates to the Medicare Physician Fee Schedule and replaced it with a new Merit-Based Incentive Program System for eligible physicians (Proposed Rule). MACRA, which was signed into law in April 2015, made significant reforms to the Medicare physician payment system aimed at rewarding quality and value over volume.
Comments on the Proposed Rule will be accepted through June 27, 2016. Click here to download the full background information on Section 101 of MACRA and a section-by-section summary of the Proposed Rule.