The Physician Quality Reporting System.

The Centers for Medicare & Medicaid Services (CMS) funded Physician Quality Reporting System (PQRS) was created in 2006 to provide physicians with a financial incentive for engaging in outcomes reporting. For 2015, eligible professionals who satisfactorily report data on quality measures for covered professional services furnished to Medicare Part B beneficiaries may avoid the prospective PQRS payment adjustment equal to 2.0% of their Medicare Part B Physician Fee Schedule (PFS) allowed charges in 2017. The PQRS program strives to engage physicians in expanding quality reporting to improve the overall quality of patient care.