According to CMS, The Physician Quality Reporting System (PQRS) is a reporting program that uses a combination of incentive payments and payment adjustments to promote reporting of quality information by individual eligible professionals (EPs). The program provides an incentive payment to individual EPs that satisfactorily participate or satisfactorily report data on quality measures for covered Physician Fee Schedule (PFS) services.
Additionally, individual EPs that do not satisfactorily participate or satisfactorily report in the 2014 PQRS program year will be subject to a payment adjustment in 2016. Registration to participate for 2014 is April 1, 2014 – September 30, 2014.
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