As a healthcare professional, it is essential for you to begin your
preparation on MACRA Reforms Now!
CMS released a 962 page proposed rule for this new approach in late April with fínal rules expected in November. Services provided during Calendar Year 2017 will form the basis for payments in 2019 and the actions you take starting in January will result in reduction of up to 4% in your Medícare revenue or increase of up to 22%.
The new CMS rule outlines specific details on how it intends to implement MACRA reform under Quality Payment Program framework. Providers will choose one of two pathways:
CMS released a 962 page proposed rule for this new approach in late April with fínal rules expected in November. Services provided during Calendar Year 2017 will form the basis for payments in 2019 and the actions you take starting in January will result in reduction of up to 4% in your Medícare revenue or increase of up to 22%.
The new CMS rule outlines specific details on how it intends to implement MACRA reform under Quality Payment Program framework. Providers will choose one of two pathways:
- MIPS (Merit-based Incentive Payment System), which will
offer payment of higher or lower fee for each service provided based upon
their composite presence score. MIPS is the program which will
consolídate the prime components of 3 existing programs, namely:
- Physícian-Value Based
Payment Modífier
- Physícian Quality
Reporting System
- Medícare EHR Incentive
Program
- APM (Alternative Payment Model), which will offer
participation in risk-based programs like Medícare's Shared Savings
Program, besides a 5% bonus payment.
For more information contact
HPP Management Group:
305-227-2383 or
1-877-938-9311 pesilverio@hppcorp.com
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