For practices that don't currently participate in the Medicare Physician Quality Reporting System (PQRS), and that don’t want to use a qualified registry or electronic health record PQRS reporting mechanism, another Medicare penalty is looming. Take action now to sign up for a temporary mechanism to prevent it.
Practices not participating in PQRS in 2013 will pay a 1.5-percent penalty on their Medicare claims in 2015. The Centers for Medicare & Medicaid Services (CMS) has created an option — for 2013 only and if you sign up by Oct. 15, 2013 — that allows practices to participate in PQRS and avoid the penalty just by signing up — no quality reporting required (and no eligibility for PRQS incentives, either).
But don’t delay. Signing up is a multi-step process, and practices are already reporting significant delays in getting their sign-up approved and completed through the Medicare system.
Here’s an outline from TMA of what you need to do.