CMS has begun issuing notification letters to providers who are subject to the 2015 Physician Quality Reporting System (PQRS) payment adjustment penalty. This penalty is assessed to providers who do not satisfactorily report data on quality measures for covered professional services.
The letters were sent out the end of September, early October. The penalty of 1.5% applied to Medicare payments in 2015 will be issued based on the provider’s reporting in 2013.
Providers must note that the penalty will increase to 2% in 2016. If you are subject to the 1.5% penalty, it is imperative to ensure your processes for PQRS measures reporting are reviewed.