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What is the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA)?

In a nutshell, MACRA transforms the U.S. healthcare by revoking and replacing the sustainable growth rate (SGR), through which medical payment updates were calculated.

MACRA creates a new reward system for clinicians and physicians by giving a preference to quality over quantity. It establishes two frameworks of payment:

  • Merit-based Incentive Payment System (MIPS)
  • Advanced Alternative Payment Models, (APMs)
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