The Sustainable Growth Rate Fix
By now, you have surely heard the remarkable news: On April 14, the U.S. Senate joined their House of Representatives colleagues in passing the "Medicare Access and CHIP Reauthorization Act of 2015" (H.R. 2).
The legislation creates certainty for our nation's seniors, children, and their physicians by permanently repealing Medicare's Sustainable Growth Rate payment formula. Physicians will see 0.5% Medicare payment increases for the next five years and then 5% bonuses for their participation in a patient-centered medical home and certain other alternative payment models.
It also sets a path toward coordinated care with higher quality and lower costs, which will improve public health and our economy. Practices will get relief from multiple, burdensome reporting programs by combining EHR Meaningful Use, PQRS, and the Value-Based Modifier programs into one.