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Medicare’s new payment system gives physicians two options
The Medicare Access and CHIP Reauthorization Act, signed into law on April 16, will make major changes in Medicare payments for physician services. Things start out slowly: From July 2015 through 2018, Medicare payments for physician services will be updated 0.5% per year, and Medicare’s current incentive programs for physicians - the physician quality reporting system, the value-based payment modifier, and the meaningful use program - will continue.