Study: $15.4B spent by doctors annually on reporting quality measures
With MACRA, the government has allocated $500M to $1B in bonuses to be paid for the upper tier of quality performers. But let’s put that in perspective. A study by the Medical Group Management Association and Weill Cornell Medical College found that costs for reporting quality measures amount to more than $15.4 billion per year for physician practices. Almost 75% of physicians think the measures, which cost an average of $40,069 per physician, are not the best measures of quality.