MACRA's primary provisions are: • changes to the way Medicare doctors are reimbursed • increased funding • extension to the
Children's Health Insurance Program (CHIP). MACRA related regulations also address incentives for use of health information technology by physicians and other providers. It created the Medicare Quality Payment Program. Clinicians can choose to participate in the Quality Payment Program through the Merit-based Incentive Payment System (MIPS) or Advanced Alternative Payment Models (APMs). MIPS is an incentive program that consolidates three incentive programs into one, for eligible physicians. APMs allow clinicians to earn incentives for participating in innovative payment models. In 2026, the conversion factor for both programs will be set at 0.75%. The
Government Accountability Office in partnership with DHHS is set to assist in the implementation of nationwide
electronic health records (EHR), while simultaneously comparing and recommending such programs for providers; the EHR goal is set for December 31, 2018 under MACRA. The US is set to transition from a
fee for service system, which allowed physicians and providers to bill Medicare and
Medicaid for services they provided to their patients, to a
pay for performance based system using MIP, APM, and
Accountable Care Organizations (ACO). ==Related==