MACRA is upon us and the urgency to act is paramount. However, rather than panicking and throwing away resources without a plan, we recommend more of an analytical approach. Find what tasks are needed, determine where you are, decide upon what can you do, make a plan and implement on a timely basis.
October 2nd, 2017 is the last day to start collecting data for MACRA. For some healthcare professionals this means nothing so let me put it into context:
Failure to act will expose some healthcare professionals and organizations to a 4% penalty on payments which may go…
Just last week I received an email from one of my suppliers. The gist of the email was as follows:
Earlier this Spring, the Department of Health and Human Services (“HHS”) finalized a rule that seeks to protect individuals from discrimination on the basis of race, color, national origin, age, disability and sex, including discrimination based on pregnancy, gender identity and sex stereotyping.
Section 1557 of the Affordable Care Act prohibits discrimination on the basis of race, color, national origin, sex, disability and age by any health care program or activity which receives federal funding from the Department of Health and Human Services. It is the first Federal civil rights law to broadly prohibit sex discrimination in health programs and activities. The Department of Health and Human Services recently issued a final rule implementing regulations related to Section 1557 of the Affordable Care Act, which were effective July 18, 2016. Certain notice provisions are effective October 16, 2016.
I started this article and previous seminars by referring to MACRA as Medicare’s new payment system. However, that concept is incorrect and an oversimplification of MACRA. MACRA stands for “Medicare Access and CHIP Reauthorization Act” and while the same will affect how Providers will get paid it is not necessarily a payment system. Medicare considers MACRA a Quality Program and refers to MACRA as their Quality Payment Program. At this point in time I feel comfortable writing that MACRA is a data collection initiative from Medicare that uses a bonus program as an incentive to get Providers to participate. Using…
If you are in the healthcare arena; can you afford a $50,000 a day per violation fine?
MACRA (the Medicare Access and CHIP Reauthorization Act) is in a simplistic way Medicare’s new payment system. 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…