Infographic: Hospitals and Value-Based Care

Wednesday, June 22nd, 2016
This post was written by Melanie Matthews

While healthcare organizations broadly support the goals of value-based reimbursement, there are mixed results in achieving those goals, according to a new survey by HealthCatalyst. Many hospitals have embraced value-based initiatives such as accountable care organizations and bundled payments that reward higher quality care while penalizing low quality but few of those surveyed are faring well against Medicare’s goal of tying half its $597 billion in annual payments to value-based care.

A new infographic by HealthCatalyst examines the likelihood of healthcare organizations meeting CMS’ value-based reimbursement goal, the percent of healthcare organizations that are currently engaged in risk-based contracts and the importance of analytics in value-based success.

The New Physician Quality Reporting: Positioning Your Practice for MACRA's Merit-Based Incentive Payment System,A new CMS proposed rule would combine several of its existing physician value-based reimbursement programs, including the meaningful use EHR Incentive Program, the Physician Quality Reporting System (PQRS) and the Value-Based Payment Modifier (VBM). This proposal is part of the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA), which replaced the Sustainable Growth Rate (SGR) formula for physician reimbursement. Under this current proposal, physicians will be reimbursed by Medicare under either the Merit-based Incentive Payment System (MIPS) or Alternative Payment Models (APMs) starting in January 2017. As this reimbursement shift by CMS moves forward, physician practices are re-examining how they report on physician quality. Most practices will opt for the MIPS program based on their current risk-contracting strategies.

During The New Physician Quality Reporting: Positioning Your Practice for MACRA’s Merit-Based Incentive Payment System, a 45-minute webinar on July 14th, Eric Levin, director of strategic services, McKesson, will provide a brief MACRA overview and outline where practices need to focus for the remainder of 2016 to avoid reimbursement penalties in 2017 based on the proposed rule.

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