The Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) is a term associated with Medicare payment reform. This legislation eliminated the flawed Sustainable Growth Rate (SGR) formula for determining Medicare payments for health care providers’ services.

MACRA establishes a new framework for rewarding health care providers for giving better care. It allows them to choose from two paths that link to quality payments:

Merit-Based Incentive Payment System (MIPS) – eligible professionals will be evaluated on resource use, clinical practice improvement activities, and meaningful use of certified EHR technology.

Alternative Payment Models (APMs) – qualifying participants will receive a lump sum incentive payment equal to 5 percent of the prior year’s estimated aggregate expenditures under the fee schedule.

Read more:

MACRA: New Opportunities For Medicare Providers Through Innovative Payment Systems (Updated)  – Health Affairs Blog