(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.
"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.
"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.
"We truly have a partnership with TSI Healthcare. For me, the greatest assets have been the implementation team that helped us bring the whole process into the office. The Meaningful Use team has really helped us navigate through all of the regulatory requirements to receive our bonuses and to make sure that we are using our EHR the way it was designed to be used."Robert Stutman, OD, MBA, FAAOSelect Eye Care
"As government regulations continue to evolve, TSI Healthcare remains current regarding the changes and always keeps us informed in a prompt manner."Ana Reyes-CartagenaArthritis & Rheumatism Associates, M.D.