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Showing posts from January, 2018

MACRA/MIPS and APM’s: Incentives to Improve Healthcare

Written by: Kelly Buckman Speed, quality, and cost, three very important factors in healthcare today. One important advancement that helps ensure that quality doesn’t suffer in the effort to care for patients in a timely and cost efficient manner is an incentive program designed to accelerate the transition to value-based care. Known as MACRA, the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) is a bipartisan legislation signed into law on April 16, 2015. In a nutshell, MACRA: -Repeals the Sustainable Growth Rate formula -Changes the way that Medicare rewards clinicians for value - over volume -Streamlines multiple quality programs under the new Merit -Based Incentive Payments System (MIPS) -Gives bonus payments for participation in eligible alternative payment models (APMs)*
MACRA is rooted in the quest to improve healthcare through the sharing of health information. The most effective way to achieve this in today’s high tech world is through the electronic health record (EH…