PR Newswire02.21.18
NuVasive Inc., developer of spine technology innovation focused on transforming spine surgery with minimally disruptive, procedurally integrated solutions, announced that the company’s SpineTRACK Registry has received the designation of Qualified Clinical Data Registry (QCDR) by the Centers of Medicare and Medicaid Services (CMS) for the 2018 Merit-based Incentive Payment System (MIPS) reporting year. As a result, SpineTRACK participants can now use the platform to earn Medicare payment incentives.
The SpineTRACK Registry is a NuVasive-sponsored prospective, multicenter, observational data collection quality improvement tool established in 2011. SpineTRACK serves as a comprehensive and collaborative data collection and quality improvement solution for spine practices, and is designed to allow surgeons to use real-time reports to make better treatment decisions, patients to track their progress to better understand treatment benefits and hospitals to evaluate outcome variations to aid in providing the highest value of care.
MIPS is one of two tracks under the Quality Payment Program, which moves Medicare Part B providers to a performance-based payment system. MIPS streamlines three historical Medicare programs—the Physician Quality Reporting System (PQRS), the Value-based Payment Modifier (VM) Program and the Medicare Electronic Health Record (EHR) Incentive Program (Meaningful Use)—into a single payment program.
Comprising four indicators—1) Quality (50 percent), 2) Improvement Activities (15 percent), 3) Advancing Care Information (25 percent) and 4) Cost (10 percent)—each category is weighted and factored into a final score which can impact Medicare payments by plus or minus 5 percent in 2020. As a QCDR, the SpineTRACK Registry is able to support the MIPS Quality reporting requirements on behalf of eligible providers.
“SpineTRACK is a unique differentiator for NuVasive and is the longest-running spine outcomes database sponsored by any spine company,” said Matt Link, executive vice president, strategy, technology and corporate development for NuVasive. “Since 2011, more than 9,500 patients have been enrolled in SpineTRACK and numerous peer-reviewed papers have been published using its data. The QCDR designation helps our customers meet quality reporting criteria to deliver optimal results and earn incentives that can grow their practices. This is truly a value-add that aligns with our focus on systems-based spine solutions.”
NuVasive's portfolio includes access instruments, implantable hardware, biologics, software systems for surgical planning, navigation and imaging solutions, magnetically adjustable implant systems for spine and orthopedics, and intraoperative monitoring service offerings. With $962 million in revenues (2016), NuVasive has an approximate 2,300 person workforce in more than 40 countries serving surgeons, hospitals and patients.
The SpineTRACK Registry is a NuVasive-sponsored prospective, multicenter, observational data collection quality improvement tool established in 2011. SpineTRACK serves as a comprehensive and collaborative data collection and quality improvement solution for spine practices, and is designed to allow surgeons to use real-time reports to make better treatment decisions, patients to track their progress to better understand treatment benefits and hospitals to evaluate outcome variations to aid in providing the highest value of care.
MIPS is one of two tracks under the Quality Payment Program, which moves Medicare Part B providers to a performance-based payment system. MIPS streamlines three historical Medicare programs—the Physician Quality Reporting System (PQRS), the Value-based Payment Modifier (VM) Program and the Medicare Electronic Health Record (EHR) Incentive Program (Meaningful Use)—into a single payment program.
Comprising four indicators—1) Quality (50 percent), 2) Improvement Activities (15 percent), 3) Advancing Care Information (25 percent) and 4) Cost (10 percent)—each category is weighted and factored into a final score which can impact Medicare payments by plus or minus 5 percent in 2020. As a QCDR, the SpineTRACK Registry is able to support the MIPS Quality reporting requirements on behalf of eligible providers.
“SpineTRACK is a unique differentiator for NuVasive and is the longest-running spine outcomes database sponsored by any spine company,” said Matt Link, executive vice president, strategy, technology and corporate development for NuVasive. “Since 2011, more than 9,500 patients have been enrolled in SpineTRACK and numerous peer-reviewed papers have been published using its data. The QCDR designation helps our customers meet quality reporting criteria to deliver optimal results and earn incentives that can grow their practices. This is truly a value-add that aligns with our focus on systems-based spine solutions.”
NuVasive's portfolio includes access instruments, implantable hardware, biologics, software systems for surgical planning, navigation and imaging solutions, magnetically adjustable implant systems for spine and orthopedics, and intraoperative monitoring service offerings. With $962 million in revenues (2016), NuVasive has an approximate 2,300 person workforce in more than 40 countries serving surgeons, hospitals and patients.