Wellcentive has released its Physician Quality Reporting System (PQRS) application, one of the earliest full-service enterprise reporting solutions released to market this year, according to the company. The solution complies with the 2014 federal government registry guidelines, including support for eligible physicians who wish to participate in the group practice reporting option (GPRO) and register by the September 30 deadline.

PQRS was established by the Centers for Medicare & Medicaid Services (CMS) as a mandatory quality reporting system for healthcare organizations, physicians, practitioners, therapists, and other eligible professionals. The organization introduced a combination of incentives and penalties to ensure compliance and improve patient care.

2014 will be the final year of incentive payments for providers, while non-compliance penalties, which began in 2013, will increase in 2015. In addition, large practices will be subject to a new value-based payment modifier imposing either a 2% penalty or up to 2% incentive.

“Federally mandated outcomes reporting is here to stay, and when optimally managed, can improve both financial and clinical performance,” said Tom Zajac, CEO of Wellcentive. “Our 7 years of refining our PQRS solutions will help our customers respond to this year’s program changes, drive appropriate outcomes, and proactively manage these critical clinical care measures.”

Wellcentive offers two PQRS subscription options depending on the size of the organization. PQRS Enterprise is designed for health organizations, multi-facility health systems, and larger provider groups. PQRS Provider offers providers and group practices a comprehensive tool for data verification and submission to CMS for all PQRS measures and measure groups.

For more information, visit Wellcentive.