Most physicians are expected to opt for the Merit-based Incentive Payment System, known as MIPS, rather than assume the downside risk of alternative payment models.
This is not a time for procrastinators as Medicare physician reimbursement undergoes its biggest change since its launch in 1965.
CMS Acting Administrator Andy Slavitt will testify before a House Ways and Means subcommittee this week on the new reimbursement model for Medicare.
Physicians speaking at the American Hospital Association annual meeting Tuesday said smaller practices in particular will have trouble with tight deadlines and substantial infrastructure requirements.
Last year ushered in a bevy of new rules and regulations that are already affecting the healthcare industry. But 2016 is expected to be just as eventful.
The U.S. healthcare system is investing a lot of time, energy and money into the concept of value-based care, and a fascinating commentary in the New England Journal of Medicine hits that idea squarely in the gut.