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MACRA - what you need to do in 2017Step One MACRA is a complex law, and it will require work from all of us. With MACRA, we have the stability of knowing what to expect, and the potential of increased payments and even bonus payments (along with the possibility of negative updates). CMS has named 2017 a transition year to "Pick Your Pace," which gives you time to learn and adjust to the Quality Payment Program (QPP). If you participate in "pick-your-pace" at any level of participation in 2017, you will avoid potential penalties in 2019, the first year of MACRA implementation. The MACRA updates in 2019 start as high as 4 percent (plus or minus) and go up slowly each year, but they come nowhere close to the cuts we faced under the SGR. Are you already meeting some MACRA requirements? The answer is likely yes!
Here's what you need to do by Sept. 30th (3rd quarter) in order to avoid a 2019 negative payment adjustment: Learn all about the Quality Payment Program which ends the SGR formula and gives you new tools, models, and resources to help you give your patients the best possible care. You can choose how you want to take part based on your practice size, specialty, location, or patient population. The Quality Payment Program has 2 tracks you can choose from:
Understand how MIPS and APMs will go into effect over a timeline from 2015 through 2021 and beyond.
For additional references, the AAFP and AMA links are provided below: http://www.aafp.org/practice-management/payment/macraready.html https://www.ama-assn.org/practice-management/medicare-payment-delivery-changes The IAFP Board of Directors is open to suggestions on how we may better serve you in your practice and improve your well-being. Look to similar IAFP emails and education opportunities in the future as we attempt to convey overwhelming data into "bite-size sources". Email me at [email protected]. Donald R. Lurye, MD, MMM, CPE |