Many practices are not sure how best to approach and prepare for compliance with the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) payment reforms. Here are some short-term changes practices can implement to prepare.
Start small with a focus on quality
Due to the size and scope of MACRA, it’s wise for practices to start small with a targeted strategy when approaching compliance. Since quality accounts for 50% of the total Merit-based Incentive Payment System (MIPS) score in the first year—and most commercial payers are also moving towards linking fee-for-service payments to quality measures—this is a good area on which to focus initially.
To comply with the regulation’s quality requirements, providers will need to report six measures from a list of nearly 300. Scores will be linked to performance on these measures (in the style of the Value-based Modifier), rather than the simple reporting of measures (as in the Physician Quality Reporting System).
By Chris Emper