The Quality Payment Program imposes a 9% reduction to Medicare payments across the board for physicians who do not participate in the federal government’s initiative. There’s one easy method to avoid the penalty in 2022, if you did not keep track of your 2020 data – or your efforts weren’t comprehensive. The performance year (PY) 2020 Extreme and Uncontrollable Circumstances Exception Application deadline was extended, so you have time to apply now. You can request relief from one – or all – of the Quality Payment Program’s four categories. Should you change your mind and submit your 2020 data, your application will be ignored. Therefore, it is a no-brainer to apply, as it guarantees you’ll be relieved from next year’s penalty. Monday, February 1 is the last day to apply. Submit your application here: https://qpp.cms.gov/mips/exception-applications.
Elizabeth Woodcock is the founder and principal of Woodcock & Associates. She has focused on medical practice operations and revenue cycle management for more than 25 years. She has led educational sessions for a multitude of national professional associations and specialty societies, and consulted for clients as diverse as a solo orthopaedic surgeon in rural Georgia to the Mayo Clinic. She is author or co-author of 17 best-selling practice management books, to include Mastering Patient Flow and The Physician Billing Process: Avoiding Potholes in the Road to Getting Paid. Elizabeth is a Fellow in the American College of Medical Practice Executives and a Certified Professional Coder. In addition to a Bachelor of Arts from Duke University, she completed a Master of Business Administration in healthcare management from The Wharton School of Business of the University of Pennsylvania. She is currently a doctoral student at the Bloomberg School of Public Health of Johns Hopkins University.
The contents of The Sentinel are intended for educational/informational purposes only and do not constitute legal advice. Policyholders are urged to consult with their personal attorney for legal advice, as specific legal requirements may vary from state to state and/or change over time.
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