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Responsible for ensuring the bonus and incentive compensation plans address department specific goals and objectives.EP does not have at least 100 Medicare Part B physician fee schedule cases containing denominator eligible codes as listed in Table 2, for dates of service from January 1 to June 30, 2013.Additionally, if an EP has 100,000 in Medicare allowed charges and is unsuccessful in meeting pqrs and EHR requirements and is assessed the 2015 penalties for both programs, total Medicare Part B payments will be reduced 2,500 due to a 1,500 penalty for the pqrs.So, you have to be careful when designing bonus plans.The EP does not have prescribing privileges, and reported G8644 on a billable Medicare Part B service at least once on a claim between January 1 to June 30, 2013.Approval: Bonus and incentive compensation plans require prior review and approval from Human Resources, department administration and the Vice bingo display board President/Dean.For example, if an EP is eligible for bonus payments for all three programs in CY 2012 and has 100,000 in Medicare allowed charges, the EP would be eligible for a 18,500 bonusa 500 bonus for the pqrs program, and an 18,000 bonus for the.How will the bonuses and penalties affect my bottom line?Each bonus payment is added to an EPs Medicare Part B fee schedule payment amount.More Resources from PayScale.EPs who began reporting Stage 1 requirements in CY 2011 or 2012 will be eligible for a full incentive payment of 44,000.An EP can avoid this penalty by becoming a Stage 1 meaningful use provider by July 3, 2014, and attesting as such no later than October 1, 2014.HR expert Stacey Carroll, director of customer service and marketing at PayScale, recently addressed the following questions during a webinar titled.EPs who choose not to participate or who are unsuccessful in their attempts to comply with the pqrs program face a payment penalty.5 percent of the Medicare Part B physician fee schedule amount for covered professional services in CY 2015.Regards, Stacey Carroll, director of Customer Service and Education m, more from Compensation Today: Do you have a topic you would like Compensation Today to cover?The incentives should be designed by a cross-function team.I recommend that you limit staffing cuts.Compensation needs documentation of approval to develop a bonus or incentive program if any portion of the programs' funding or the employees' compensation comes from sponsored funds.And What are the new job descriptions like?And that may be the right strategy and that might be the right decision, but youve got to make sure that when the cuts are being made that they arent too significant and that they arent short-term cuts that are going to later hurt you.Responsibility: Deans, Directors, Department Heads and Supervisors.


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