Well, CMS has been busy at it again and now we have MACRA! What is MACRA you say? MACRA, in a short explanation, is an act to amend Title XVIII of the Social Security Act to repeal the Medicare sustainable growth rate and strengthen Medicare access by improving physician payments and making other improvements, to reauthorize the Children's Health Insurance Program, and for other purposes.
On January 1st, 2017, MACRA replaced the Sustainable Growth Rate formula and 3 familiar programs: "PQRS", "Value Payment Modifier", and "Meaningful Use".
Well, CMS has been busy at it again and now we have MACRA! What is MACRA you say? MACRA, in a short explanation, is an act to amend Title XVIII of the Social Security Act to repeal the Medicare sustainable growth rate and strengthen Medicare access by improving physician payments and making other improvements, to reauthorize the Children's Health Insurance Program, and for other purposes.
On January 1st, 2017, MACRA replaced the Sustainable Growth Rate formula and 3 familiar programs: "PQRS", "Value Payment Modifier", and "Meaningful Use".
A better description is Medicare Access and CHIP Reauthorization Act of 2015 (MACRA), (H.R. 2, Pub.L. 114–10) commonly called the Permanent Doc Fix, is a law that establishes a new way to pay doctors who treat Medicare patients, revising the Balanced Budget Act of 1997. Its reform is the largest in scale on the American health care system since the Affordable Care Act ("ObamaCare") in 2010. It changes the way Medicare doctors are reimbursed, fills in a funding gap and extends a popular children's insurance program, CHIP.
MACRA related regulations also address incentives for use of health IT by physicians and other care providers.
Under MACRA, the Secretary of the Department of Health and Human Services (DHHS) is tasked with implementation of a Merit Based Incentive (MIP) an incentive program which consolidates the three existing incentive programs into one for eligible physicians. The legislation also allows for Advanced Alternative Payment Models (APM) in 2026 the conversion factor for both programs will be set at 0.75% followed by each subsequent year.
The Government Accountability Office in partnership with the DHHS are set to assist in the implementation of nationwide electronic health records (EHR), while simultaneously comparing and selecting of such programs for providers; the EHR goal is set for December 31, 2018 under MACRA.
The U.S. is set to transition from a fee for service system, which allowed physicians and providers to bill Medicare and Medicaid for services they provided to their patients, to a pay for performance based system using MIP, APM, and Accountable Care Organizations (ACO).
This appears to be a very complex new law and how it effects you is not easily understood, yet! I have once again asked Dr. Jeffrey Zaveleta, an expert is this area, to come back and give us a one hour webinar presentation on MACRA. Dr. Zavaleta will teach you how your anesthesia organization could not only avoid a 4% MACRA Penalty, but also earn a bonus for becoming an "Exceptional Performer".
PRESENTED BY: Dr. Jeffrey Zavaleta, Chief Medical Officer from GRAPHIUM HEALTH as well as a practracing pediatric anesthesiologist.
ABOUT: JEFFREY ZAVALETA, MD
Dr. Zaveleta is a Board certified practicing Pediatric Anesthesiologist in Texas. Dr. Zaveleta is also the Chief Medical Officer for Graphium Health and provides medical guidance for development of all Graphium Health products, including a cloud-based, Tablet PC solution for physicians, PeriOperative analytics and reporting tools for the hospital administration, "self-service analytics" bringing big data to the individual, and mobile communication tools to better connect and empower the patient with their healthcare experience.
View Upon DemandFortmat: Unlimited viewing for 90 days.
LEARNING OBJECTIVES:
Does your Anesthesia practice need to report in 2017?
What are the requirements to be compliant?
How can you avoid penalties?
How can you participate in bonuses?
When do you need to get started, and what are your options for successful reporting in 2017?
HANDOUTS: A notetaking version of the PowerPoint presentation will be provided.
PRICE: $139.00 / Purchaser must user their Excellentia account email and password to view the presentation page.
1Once you and any/all staff have reviewed this presentation, you will be eligible to receive a Certificate of Participation worth 1.0 Credit Hour of continuing education. You simply contact us at events@excellentiagroup.com requesting your certificates, using the Certificate Request Form found in the link below. You will need to provide a typed list of all participants first and last names, position title (RN ,BSN, etc.), license numbers (if professionals) and date of completion.
* Excellentia Advisory Group LLC is approved by the California Board of Registered Nursing, Provider CEP 15481: Issue Date: 4/6/2010;
