Take the Pain Out of PQRS.
Did you know that not being PQRS compliant in 2014 will result in a 2% penalty? Protect your practice today with PQRS from WebPT.
Created by the Center for Medicare and Medicaid Services (CMS), Physician Quality Reporting System (PQRS) requires that physical therapists, occupational therapists, and qualified speech-language pathologists meet the standards for satisfactory reporting. If you are not PQRS compliant in 2014, you will incur a penalty of 2% of your Medicare payments (assessed as a payment adjustment in 2016). Those who are compliant with PQRS, however, will have the opportunity to earn a 0.5% incentive payment on their total allowed charges during the reporting period.
We all know that PQRS is a pain in the you-know-what, but unless you want to lose 2% of your 2016 fee schedule payments, it's absolutely necessary you commit to compliance in 2014. Save yourself the headaches—and deductions—and let WebPT manage PQRS for you. We're a Certified PQRS Registry, so with us, staying compliant is easy. We offer two different methods for reporting PQRS:
Registry-Based (Automatic Submission): $399 per year (+ $99 per year for each additional clinic location)
With this option, we manage most of PQRS for you. Because we merge PQRS with standard documentation, you simply report your PQRS measures directly within the patient record. We then aggregate that data, compile it into a digital format, and submit it directly to CMS on your behalf. So, after setup, you document and we take care of the rest—no muss, no fuss. Essentially, registry-based reporting means you'll never forget PQRS because we remember it for you.
Claims-Based (Manual Submission): $99 per clinic location, per year
Claims-based reporting allows you to use your WebPT documentation to help you submit the appropriate CPT codes to CMS along with billing. As a note, in order to successfully complete claims-based PQRS reporting, you must report on at least 50% of patients.
Another thing to consider: claims-based reporting puts you in control of your own data. Thus, you must be your own auditor. If you're a smaller practice or Medicare patients make up a small portion of your payer mix, then this option may be worth considering. Otherwise, claims-based reporting requires more work, time, and responsibility for you and your clinic. It'll be up to you to ensure you stay compliant. Can't fit that into your workflow? Let us manage PQRS for you by selecting registry-based reporting.
Set yourself up for success; sign up for Registry-Based PQRS Reporting today. It's $399 now or an avalanche of penalties, fines, headaches, and wasted time later.