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July – December 2007 Reporting Period
[By Staff Reporters]
According to Anne Zieger, of Fierce Health Finance, the Centers for Medicare and Medicaid Services [CMS] will pay out more than $36 million in monetary incentives to medical providers who reported data on quality of care delivered between July 2007 and December 2007; as part of its Physician Quality Reporting Initiative [PQRI].
Physician Quality Reporting Initiative [PQRI]
Under the PQRI, healthcare providers who choose to participate get bonuses of 1.5 percent of their total CMS payments during the reporting period in which they reported quality data.
Assessment
Average payments for the most recent period range from $600 for individual physicians to $4,700 for groups. The largest payment CMS plans to make to a practice is more than $205,700. Solo physicians, physician group practices, and other PQRI-eligible professionals should receive their payments by August, according to the agency.
Source: CMS press release
Conclusion
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Filed under: Career Development, Health Economics, Health Law & Policy, Healthcare Finance, Quality Initiatives, Surveys and Voting | Tagged: CMS, P4P, physician bonus, PQRI | 14 Comments »
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