The Value-Based Modifier Program (VBMP or VBM) was created to establish differential payment to physicians based on the quality of care provided to Medicare beneficiaries. Costs are measured during a specific time period and based on provider participation in the Physician Quality Reporting System (PQRS) program.
PQRS (the Physician Quality Reporting System) started in 2009 as Medicare’s quality incentive program. Since that time it has been steadily expanded and, going forward, there are only penalties.
When Vermont Governor Peter Shumlin announced last month the state was scrapping plans to create a single-payer system, he effectively pulled the plug on the only active effort by a state to implement a single-payer healthcare system. His announcement stated simply that the economics didn't work - meaning that the costs were too high.
CMS has released the Physician Quality Reporting System (PQRS) specifications for the 2015 reporting period and as expected, they are full of changes.
It was another great day with the Wake County Public Library System. On December 12th, the North Carolina MDeverywhere team participated in the 2014 Book Sale and Festival of Reading. The festival consists of over 350,000 books for sale.
The American Board of Internal Medicine (ABIM) released changes to the accreditation process at the beginning of 2014, and nearly 20,000 physicians have signed a petition calling for those changes to be rescinded.