The Physician Quality Reporting System (PQRS), administered by the Centers for Medicare and Medicaid Services (CMS) was created to provide physicians with financial incentives for engaging in outcomes reporting. As a CMS-approved PQRS vendor, M2S can help you earn an incentive payment of 0.5% of your total Medicare Part B Physician Fee Schedule allowed charges for minimal additional work.
Through the M2S system, physicians can collect the necessary data to successfully submit for PQRS. To participate, physicians must report on 80% of patients that meet measure criteria for at least three quality measures. Audits of reported data will also be conducted by M2S to ensure accuracy and completion of the reported data. Depending on practice volume, reimbursement can be up to $2,000. The cost for participation through M2S is $349 per physician.
M2S is currently providing the PQRS service for the billing period of January 1st 2013 – December 31st 2013.
Download our white paper for more information on participating in PQRS.