MACRA (the Medicare Access and CHIP Reauthorization Act) is in a simplistic way Medicare’s new payment system. While some people still have hope that the changing in power will repeal MACRA the reality is that MACRA was approved with bilateral support, in other words, is not going anywhere as democrats and republicans agreed and approved the same. MACRA also requires action from the Medicare Providers if they wish to maximize their Medicare reimbursement. Therefore, and based on the complexity of the same we have decided to provide you some key information in a numerical fashion as to increase understanding.
1. Key Dates for MACRA are:
- January 1, 2017 – Data Collection Starts
- Mar 31, 2018 – Data Submission Due Date
- January 1, 2019 – Payment Adjustment Date
- Advanced Alternative Payment Model (APM)
- Merit Based Incentive Program (MIPS)
- Quality Reporting – 60%
- Advancing Care Information – 25%
- Clinical Practice Improvement Activities – 15%
- Resource Use/Cost – 0
- Do not submit any data
- Submit data for 90 days
- Submit data for the whole year
About Dr. Jose Delgado
Dr. Jose I. Delgado is the founder and CEO of Taino Consultants, a veteran-owned, 8(a) graduate healthcare IT consulting firm based in St. Augustine, Florida. With over 30 years of experience in healthcare compliance and government contracting, Dr. Delgado has helped organizations navigate HIPAA, MACRA/MIPS, and federal IT security requirements.
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