MACRA is a new piece of legislation under which Medicare payments are tied to the cost and quality of patient care. MACRA first reporting year is schedule to start on January 1, 2017.
With MACRA current incentive programs such as PQRS, Value Modifier and Electronic Health Record Incentive Program will be unified as under the Quality Payment Program which includes two parts:
The Merit-based Incentive Payment System (MIPS)
Advanced Alternative Payment Models (APMs).