CMS Releases the 2021 Physician Fee Schedule Final Rule

CMS has issued its annual Physician Fee Schedule (PFS) final rule that includes updates on policy changes for Medicare payments under the PFS and other Medicare Part B issues, on or after January 1, 2021.

The following are quick highlights and a summary of the most important changes in the Final Rule from CMS. Be sure to check out the CMS webinar and the other resources CMS has provided. Stay tuned to our blog for more details and analysis as they become available.

“2021 QPP Final Rule Highlights

The key policies included for Quality Payment Program include:

  • Beginning Merit-based Incentive Payment System (MIPS) Value Pathways (MVPs) implementation in 2022
  • Keeping the performance threshold at 60 points for 2021
  • Revising performance category weights for Quality (decreases from 45% to 40%) and Cost (increases from 15% to 20%)
  • Extending the use of the CMS Web Interface as a collection and submission type for reporting MIPS quality measures in 2021 and sunsetting the option beginning with 2022
  • Sunsetting the APM Scoring Standard and allowing MIPS eligible clinicians in APMs the option to participate in MIPS and submit data at the individual, group, virtual group or APM Entity level
  • Updating third party intermediary approval criteria as well as remedial action and termination criteria

CMS Finalizes New APM Performance Pathway for 2021

Based on stakeholder feedback, CMS will implement the APM Performance Pathway (or APP) in 2021. The APM will be:

  • Complementary to MVPs, composed of a fixed set of measures for each performance category
  • Available as an option only for MIPS eligible clinicians in MIPS APMs
  • Reported by individual eligible clinicians, groups, or APM Entities

Performance category weights under the APP will be: 50% for Quality, 30% for Promoting Interoperability, 20% for Improvement Activities, and 0% for Cost.

Complex Patient Bonus COVID-19 Update in 2020

The final rule also increases the complex patient bonus from a 5- to 10-point maximum for clinicians, groups, virtual groups, and APM Entities for the 2020 performance year only to offset the additional complexity of their patient population due to COVID-19.

Final Rule Webinar Details

CMS will host a webinar on Wednesday December 9, 2020 to provide an overview of the final rule for the 2021 performance year. During this webinar, CMS will answer questions from attendees at time permits.

For More Information

To learn more about the PFS Final Rule and the 2021 Quality Payment Program finalized policies, review the following resources:

  • Press Release – Provides additional details regarding today’s announcement
  • QPP 2021 Final Rule Resources Zip FileContains the following:
    • Fact Sheet and Table – Offers an overview of the QPP final rule policies for 2021; table compares these policies to the requirements for 2020
    • Frequently Asked Questions (FAQs) – Addresses the frequently asked questions for the 2021 QPP final rule policies
    • CMS MVP Submission Template – Provides instructions and a template that stakeholders should use to submit an MVP candidate for consideration.”