Recently the American Board of Pathology has announced it was approved as a MOC sponsor by CMS, effective immediately. This approval will allow for an enhancement of the PQRS bonus from ½ to 1% for 2013 and 2014. To follow is information on how to qualify and attest to receive this bonus, before failure to participate results in a penalty imposed by CMS in 2015.
In order to participate in the MOC program and qualify for an additional bonus, you must participate in the program “more frequently” than is required to maintain board certification. The definition of “more than required” varies dependent on if your certificate is time limited or a lifetime certificate. For more information on qualifying for this incentive, visit https://www.abpath.org/MOCLogininfo.htm. Also, please access APS’ more expansive white paper on this topic at www.apsmedbill.com.
Since our seamless transition to APS one year ago, we have significantly increased our monthly collections, decreased the delay in processing claims, and less time is spent in accounts receivable.