The Medicare Access and CHIP Reauthorization Act of 2015, also known as MACRA, is the most immediate challenge faced by healthcare professionals and organizations. MACRA as explained in previous articles combines a number of quality measures into one single program. MACRA also calculates reimbursements to providers based on a score given in accordance with these quality measures.
The key things to keep in mind are:
We at Taino Consultants have been attempting to provide timely guidance and instruction to all Qualified Providers but the complexity of this particular issue makes it challenging to cover every area for all specialties so instead of looking at everything at once we will change our strategy and try to look at it in terms of blocks which roughly represents three months at a time.
For example, for the first quarter of the year you should have had:
If in doubt follow the link below:
1. First year of Medicare Part B participation
2. Volume threshold
i. Billing charges below $10,000
ii. Less than 100 Medicare patients in a year
iii. Participant in an Advanced Payment Model (APM)
As mentioned before the options are many but you are not alone. Establish a baseline, decide what path to take and ask for assistance if you have questions.