On average, oncologists receive $316,425 in Medicare Part B payments each year.*
A physician who did not report PQRS or attest to meaningful use in 2015 will see a 9 percent cut in Part B payments in 2017; failure to report and attest in 2016 means the same for 2018.
- A 2 percent cut for not reporting PQRS
- A 4 percent cut for the physician value modifier
- A 3 percent cut for meaningful use
For the average oncologist, that means leaving $28,478 per year on the table in 2017 and 2018.
For 2017, PQRS and meaningful use have been replaced with the Merit-Based Incentive Payment System – MIPS – with new reporting requirements across three categories of performance measures: