In 2015, legislation known as the Medicare Access and CHIP Reauthorization Act (MACRA) was enacted. Until the passage of the CURES Act in 2016, MACRA was the most significant legislative overhaul of the U.S. healthcare system since 2010’s Affordable Care Act. Under MACRA, the Centers for Medicare and Medicaid Services created regulations for healthcare providers' use of health information technology. One of these incentives is the [...]
MACRA, short for the Medicare Access and CHIP Reauthorization Act of 2015, is a federal law that changed the payment system for doctors who treat Medicare patients. What is the MACRA Quality Payment Program? MACRA, commonly referred to as the Permanent Doc Fix, created a Quality Payment Program that: Repealed the Sustainable Growth Rate (SGR) formula. That formula had previously been used by the Centers [...]
With the MACRA MIPS 2019 deadline approaching, healthcare organizations must be aware of what is required of them to receive their reimbursements. Healthcare organizations seeking MACRA MIPS payment must complete a security risk analysis (SRA) before the December deadline. How to Satisfy the MACRA MIPS Requirement A security risk analysis must be conducted annually to ensure that protected health information (PHI) is adequately safeguarded, this [...]
The Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) modernized how doctors are paid for their Medicare patients, increased efficiency, and reduced the cost for taxpayers. As part of MACRA, the Merit-Based Incentive Payment System (MIPS) was put in place. MIPS assess Medicare doctors and clinicians to give them a score, determining how much compensation the practice will receive from the government. Each year, [...]
MIPS measures and MACRA measures are becoming more and more important for healthcare providers to begin understanding as reporting deadlines get closer. Regardless of whether your practice participated in CMS' Meaningful Use incentive program, it's in your best interest to pay attention to upcoming MACRA and MIPS deadlines. By not participating or sending any data to CMS, providers will automatically incur a negative 4% payment adjustment on Medicare [...]
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