SYAM Med Solutions is one of the premium medical billing company in the US. We provide the optimal healthcare information technology solution for the hospitals and physician practices. Our experienced medical billing team is trained to handle all the services included in the medical billing process using any EMR software. We carry out Revenue Cycle Management and Practice Management and other related services including Transcription and Data Management. We listen to our clients and take extreme pride in serving them.
Meaningful Use (MU), Physician Quality Reporting System (PQRS), and Value-Based Modifier (VBM) will be consolidated into the new Merit-based Incentive Payment System (MIPS). This is one of the two tracks under the Quality Payment Program. MIPS streamlines the financial impact of the various measurement and reporting tools, along with claims-based financial considerations that have become familiar since the adoption of digital health records.
Medicare Access and CHIP Reauthorization Act (MACRA) establishes a new pay-for-performance program that’s focused on quality, value, and accountability. The law was signed on April 16, 2015. The Centers for Medicare and Medicaid Services (CMS) stated that MACRA enacts a new payment framework called the Quality Payment Program that rewards health care providers for giving better care instead of more service.