Posts Tagged ‘Quality Payment Model’

5 Ways to Keep Pace with MACRA Momentum

September 15th, 2016 by Patricia Donovan

carecompactsIn a nod to the wide diversity of physician practices, the recent “Pick Your Pace” announcement by the Center for Medicare and Medicaid Services (CMS) clarifies the timing of reporting for year one of the Quality Payment Program and offers eligible physicians and other clinicians multiple options for participation.

But whatever participation level a practice elects for 2017, there are many ways eligible providers can proactively prepare for MACRA’s ultimate impact on physician quality reporting and reimbursement prior to November 1, 2016, the date by which CMS has said it will issue the MACRA final rule.

Eric Levin, director of strategic services, McKesson, offered this advice for physician practices to prepare for Medicare’s Merit-based Incentive Payment System (MIPS), one of two payment paths CMS will offer to practices.

  • First, make certain you are successfully participating in any Medicare Quality and electronic health record (EHR) programs, which would include the Physician Quality Reporting System (PQRS), Meaningful Use, and the Patient-Centered Medical Home.
  • Next, try and factor the alternative payment model (APM) participation bonus into your risk-based payment model adoption strategy to see if that might be something you can qualify for, as the rewards can be significantly higher under the APM track.
  • Third, make sure you know which track your organization is going to seek. Explore APMs; if you can do one, great. If not, then MIPS can still provide a relatively high incentive.
  • Next, start educating providers, employers, nurses, staff members, on what the payment track is going to be, what’s going to be measured, and what the outcomes will be like as well.
  • Finally, stay very close to CMS. Check their Web site, subscribe for e-mail updates and check their Twitter feed for anything that’s changed, for any proposed MACRA rules that might become final, so that you are aware of and can make any changes as needed.
  • Source: MACRA Physician Quality Reporting: Positioning Your Practice for the MIPS Merit-Based Incentive Payment System

    MACRA Physician Quality Reporting: Positioning Your Practice for the MIPS Merit-Based Incentive Payment System delivers a veritable MACRA toolkit for physician practices, with dozens of tips and strategies that lay the groundwork for reimbursement under Medicare’s Merit-based Incentive Payment System (MIPS), expected to begin in 2017 and one of two payment paths Medicare will offer to practices.