MACRA is here and the new program is going to sunset several (un) popular programs such as Meaningful Use and the Value Based Payment Modifier model. Everybody who is anybody is busy discussing about MACRA and its ramifications. But as with any big updates the myths are jostling for space with the facts. We’ve sifted the facts from the myths for you.
Myth #1: MACRA will make maintenance of certification mandatory
Fact #1: MACRA doesn’t make it mandatory for physicians to participate in maintenance of certification. It is certainly not compulsory.
Myth #2: MACRA will affect only physician reimbursement.
Fact #2: There is a common myth that MACRA will only affect physician reimbursements. It will affect the reimbursement of all eligible clinicians. The eligible clinicians who will have to report under MIPS are physicians, physician assistants, nurse practitioners, clinical nurse specialists, certified registered nurses and anesthetists.
Myth #3: Clinicians can choose between MIPS and participating in AAPMs right at the outset.
Fact #3: All eligible clinicians will report under MIPS during the first year. CMS will select qualifying physicians to participate in AAPMs after evaluating their quality scores.
Myth #4: MIPS penalties are higher than the current quality measure programs
Fact #4: MIPS stream lines and consolidates 4 different programs under one umbrella. Instead of paying separate and sometimes expensive penalties for failing to meet different pay for performance programs, clinicians who report under MIPS will only have to pay a 4% penalty during the first year.
Myth #5: MACRA will penalize physicians who follow the fee for service model
Fact #5: It does not. Physicians can still choose to continue working with the FFS model can still participate in the MIPS program.
Click on the image below to enlarge
Fact #1: MACRA doesn’t make it mandatory for physicians to participate in maintenance of certification. It is certainly not compulsory.
Myth #2: MACRA will affect only physician reimbursement.
Fact #2: There is a common myth that MACRA will only affect physician reimbursements. It will affect the reimbursement of all eligible clinicians. The eligible clinicians who will have to report under MIPS are physicians, physician assistants, nurse practitioners, clinical nurse specialists, certified registered nurses and anesthetists.
Myth #3: Clinicians can choose between MIPS and participating in AAPMs right at the outset.
Fact #3: All eligible clinicians will report under MIPS during the first year. CMS will select qualifying physicians to participate in AAPMs after evaluating their quality scores.
Myth #4: MIPS penalties are higher than the current quality measure programs
Fact #4: MIPS stream lines and consolidates 4 different programs under one umbrella. Instead of paying separate and sometimes expensive penalties for failing to meet different pay for performance programs, clinicians who report under MIPS will only have to pay a 4% penalty during the first year.
Myth #5: MACRA will penalize physicians who follow the fee for service model
Fact #5: It does not. Physicians can still choose to continue working with the FFS model can still participate in the MIPS program.
Click on the image below to enlarge
Hello, Great post! This post clearly confirms the fact that it is important you know how to implement the right strategy of link building.
ReplyDeletePhysician Billing Company.
Informative Blog!
ReplyDeleteHere know about "How to collect Patient balances at the time of visit?"
To know more about our medical billing services
If you are looking for a reputed, experienced offshore partner, then consider E-care India. This ISO certified and HIPAA compliant company ensures timely delivery with SLA (Service Level Agreement). E-care will continue to support the outsourcing company even during emergency situations with its Disaster Recovery Center. e-care India is a leading medical billing and coding services company.
ReplyDeleteThanks For sharing!!!
ReplyDeleteMedical Transcription Services USA - Pert offers Medical Transcription Services and Solutions in USA, India. EMR transcription, EHR transcription services at low rates. Call now: +1-704-241-3252
14. Medical Transcription Service Provider 15. Medical Transcription Billing Corp 16. Medical Transcription Services Canada 17. Emr Transcription Services India 18. Medical Transcription Companies In Delhi 19. Transcription Services India 20. Transcription Services Delhi 21. Healthcare Transcription Services India 22. Revenue Cycle Management India 23. Revenue Cycle Management Canada 24. Revenue Cycle Management Services India 25. Revenue Cycle Management & Coding Services 26. Canada Back-Office Operations 27. Chiropractic Billing India 28. Chiropractor Billing And Coding India 29. Chiropractor Billing And Coding Canada 30. Outsource Medical Transcription 31. Outsource Medical Billing And Coding Services 32. Medical Billing & Coding Solutions 33. Medical Billing 34. Medical Coding 35. Outsource Medical Transcription Services 36. Outsource Medical Transcription 37. Outsource Medical Transcription Services 38. medical transcription outsourcing companies in india 39. Outsourcing Medical Coding to India 40. Outsource Transcription Services India 41. Companies Outsourcing Medical Transcription Work To India 42. Offshoring of healthcare services 43. Medical Transcription Services Delhi 44. Why outsource medical transcription to India? 44. Outsource Medical Billing & Coding Services 45. Outsource Voice Transcription
Here is Mr Benjamin contact Email details, 247officedept@gmail.com. / Or Whatsapp +1 989-394-3740 that helped me with loan of 90,000.00 Euros to startup my business and I'm very grateful,It was really hard on me here trying to make a way as a single mother things hasn't be easy with me but with the help of Mr Benjamin put smile on my face as i watch my business growing stronger and expanding as well.I know you may be surprised why I put things like this here but I really have to express my gratitude so anyone seeking financial help or going through hardship with their business or want to start a business project can see this and have hope of getting out of the hardship..Thank You.
ReplyDelete