Many physician practices are not. MACRA is a big difference in how physicians are paid.
We can help your practice stay on top of the latest healthcare news, rules, regulations and trends. Subscribe to stay current and up to date on important matters that will impact your practice. (To subscribe to our blog Click Here).
The Centers for Medicare and Medicaid Services (CMS) released the final rule for dispersing Medicare payments starting in 2019 under the Medicare Access and CHIP Reauthorization Act (MACRA).
This new regulation is complex and adheres to the concept of paying for quality.
MACRA’s goal is to reward quality care, penalize poor performance, and avoid paying for services in a piecemeal manner.
Many small practices and solo practitioners are concerned about the impact of the final rule on their practices.
However, CMS has attempted to quiet the concerns of physicians and skeptics by easing timelines and allowing more was to comply.
Over 4,000 formal comments were considered before the final rule was released. The American Medical Association (AMA) said that the administration has been responsive to many concerns.
Experts and skeptics are torn on the benefits and problems surrounding MACRA’s final rule.
Those in favor of the new rule say MACRA will improve quality of care and help to keep costs down. Skeptics of the rule say the requirements will overwhelm physicians and potentially damage doctor-patient relationships.
MACRA is one of the biggest changes in the history of Medicare.
In our next blog post, we will keep you informed of related issues. To get this important information delivered directly to your mail box, Click here to Subscribe
Do you need help staying current and compliant with the latest laws, rules and regulations? We can help. To contact us about your new government rules and regulations, your practice’s risk assessment, or about your other legal needs: CLICK HERE.
P.S. If you or your patients are interested in consumer healthcare issues, check out myhealthspin.com.
