(Medicare Access & CHIP Reauthorization Act)
In October, The Centers for Medicare & Medicaid Services (CMS) released the final rule for MACRA, altering how Medicare reimburses clinicians and their practices. It emphasizes quality, value, and clinicians taking more financial risk.
TSI Healthcare® is here to help you navigate through the murky waters of federal regulations.
Be sure to check out our other resources:Informational Webinars MACRA Blog Series Download MACRA Infographic
What’s The Big Idea?
With a stronger emphasis on quality, value, and bigger financial risk, there are three key areas MACRA seeks to address.
Sustainable Growth Rate
Shifts from Volume to Quality
Shift from fee-for-service
Quality Payment Program
MACRA’s Quality Payment Program will allow providers to select between two quality payment program.
- Combines Meaningful Use, PQRS/CQMs & VBM
- Measures Providers On:
- Advancing Care Information (Use of EHR)
- NEW Improvement Activities
- Cost (coming in 2018)
- Financial Implications
- Can Receive Negative or Positive Payment Adjustments Based On MIPS Score
- Can Earn Up to 22% Bonus (for exceptional performers) Or 4% Max Penalty
- Must Require Certified EHR Use
- Must Base Payment On Quality Measures Comparable To MIPS Quality Category
- Must Bear Financial Risk
- Financial Implications:
- Must Bear Financial Risk
- Can Earn 5% Bonus
MIPS will begin in 2017 as its first performance year with payment adjustments beginning in 2019.
MIPS Program Overview
MIPS combines MU, PQRS, and VBM to measure clinicians in four different categories. The new quality program structure increases emphasis on PQRS while decreasing it on Meaningful Use.
More Exciting News
MACRA proposes more exciting reporting and data submission options.
Webinar: MACRA 101
With multiple new additions for reporting categories and options to participate in either MIPS or Advanced APMs, practices are encouraged to watch this webinar to learn more about the new payment structure.
"The biggest challenge that we faced before starting with TSI Healthcare was meeting Meaningful Use. I was a bit concerned about our practice because we had missed one year of Meaningful Use money already. It was one of the driving factors for selecting them as a vendor, and they have helped us achieve that."Robert Collins, Director of OperationsBoston Laser Eye Institute, P.C.
"One of the main challenges that any practice has had in the last 3 or 4 years is being ready for Meaningful Use 1 and now Meaningful Use 2. TSI Healthcare is very knowledgeable and well versed. They have an excellent staff that can help with the regulations and changes that are needed. They are there to support you. We wouldn't be where we are today without TSI Healthcare's help."Jason Rubinstein, Practice AdministratorCentral Florida Retina
"TSI Healthcare has introduced a little bit more ease of use as far as EHR goes, and Meaningful Use especially. They've done a really good job of helping us meet our Meaningful Use goals and getting paid for Meaningful Use."Robert Collins, Director of OperationsBoston Laser Eye Institute, P.C.
"One of the things that we couldn't live without is the Meaningful Use team. They have held our hands from the beginning, and we could definitely not live without them. Also, the support team and access to their help. From the beginning, this was something we found so important to us."Lynne MarletteThe Hirsh Center