The QRURs are something of a report card on your cost-related performance and they're considered the first sign of how you're doing compared to your peers in CMS' expanded value-based modifier (VBM) program.
But know that your 2017 VBM-based incentives or penalties (corresponding to the 2015 reporting period, which closed in March) are not reflected in the mid-year report. Rather, "the mid-rear QRUR report is provided for informational purposes only and will not affect a TIN’s Medicare Physician Fee Schedule payments," states CMS.
The mid-year reports provide cost data from the period beginning July 1, 2014, and ending June 30, 2015. While your ultimate VBM performance is not etched in the stone of the mid-year QRURs, you can review the cost information to understand your practice's patterns -- and how you stack up to your peers around the country, noted Jeanne Chamberlin, practice management consultant with MSOC Health in Chapel Hill, N.C., who led
a webinar on the VBM program on April 6.
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