Participating in Medicare’s Physician Quality Reporting System (PQRS) has taken on a new flavor this year.  While until now participating has meant a potential annual bonus of several thousand dollars, not reporting in 2013 will entail a penalty in 2015.  Losing out on a bonus is less galling than forfeiting a percentage of each remittance.  No anesthesiologist, CRNA or pain physician is doomed to lose money for failing to report the applicable PQRS measure(s).  This Alert will provide a reminder of the steps you need to take to earn the bonus and to avoid future penalties. It is a testament to the undue complexity of the program that we are now in its seventh year, and yet uncertainty lingers.  As a reminder, the incentive payments and “payment adjustments” for each year are as follows: YearPayment/AdjustmentMadeReporting YearPayment or (Adjustment) 200820071.5%2009 20081.5% 201020092.0% 201120102.0% 201220111.0% 201320120.5% 201420130.5% 201520140.5% 20152013(1.5%) 2016 onward2014 onward(2.0%)  ...