macra: does it ease your practice work
TRANSCRIPT
What is MACRA?
MACRA is the Medical Access and CHIP Reauthorization Act of 2016
which is often referred s “SGR fix” and it got a strong bi-partisan support
during the time it was by both houses of Congress There was an
“information listening session: conducted for rural physicians and
sponsored by CMS to spread awareness about the new proposal by
MACRA.
MACRA Can Ease a Physician’s Practice in Following Ways:
The clinicians do not require sending any report or data for this category.
The physicians were earlier eligible to avail benefits through meaningful use and VM; the bonus will now increase to 5% in 2020, 7% in 2021 and around 9% after that.
The top performers will be eligible to claim additional bonus which can exceed up to 10% by the end of 2019.Sound familiar?
Practitioners can claim additional points for reporting the data to the concerned authority. Medical practitioners.
The physicians were able to receive penalties when not opting for PQRS reporting and other meaningful use measures, the physicians reporting under the MIPS can expect receiving penalties if their performance does not exceed up to the national benchmarks standards.
HOW CAN YOU AVAIL BENEFITS THROUGH THE NEW MACRA PROGRAM?The information and guidelines circulated by MACRA and MIPS sounds interesting make the new program look comparatively straight forward, but still there is much to be done yet, the real nuances are quite complicated. So, the first and foremost step should be to pursue thorough information about the latest guidelines and learn the actual program requirements.
