Starting in 2019, Medicare's push toward value-based reimbursements will be within reach of the finish line. "It can sound terrifying," says Joni Wyatt, MHA, MHIA, CPHIMS, FHIMSS with Kassouf & Co. "But most practices have already done the work."
Last year President Obama signed into law the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA). MACRA implemented significant changes in how Medicare reimburses doctors.
The Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) means that big changes are coming to healthcare reimbursement; changes that will result in some physicians earning less money and others more.
Brookwood Baptist Health's (BBH) use of technology has earned it recognition as one of the "Most Wired" hospitals in the U.S. according to Hospitals & Health Network's Most Wired® survey.
On September 8th, Medicare announced two more ways to participate in the upcoming shift to the Medicare Access and CHIP Reauthorization Act (MACRA). "There are four different payment programs now, since the release of the pick-you-pace model," says Carrie Gulledge, RHIA, director of EHR with MediSys. "They allow providers to test the waters with their toe or jump all in."
"For the times they are a-changin'" says Bob Dylan, and his advice, "then you better start swimmin' or you'll sink like a stone," could easily apply to providers floating in CMS's ebb and flow of reimbursement/incentive/penalty structures.