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MACRA Does It Ease Your Practice Work .pdf


Original filename: MACRA - Does It Ease Your Practice Work.pdf
Author: iPatientCare

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MACRA - Does It Ease Your Practice Work?
Independent private medical practices are getting closed, several experienced physicians are
retiring and the medical schools offer insufficient seats for medical graduates- all these changes
have impacted the primary care practices. But the new proposal by MACRA promises to
decimate the private practice physician.

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.
According to the stated circular, the new plan will penalize seven out of ten small 1 or 2
physician practices in the country. They have complied with the statistical reports that demand
to enhance the quality of medical care.
MIPS primarily consolidates with the modern day CMS quality programs, such as Physician
Quality Reporting System, Medicare electronic health record incentive program and physician
value based payment modifier. Believing the latest guidelines, these programs will be eliminated
or they will cease to exist and get morphed into new program by MACRA.

MACRA Can Ease a Physician’s Practice in Following Ways:
Execution of EHR technology is currently being given the higher priority among the healthcare
leaders over the globe. EHR (Electronic Health Record) or the collection of therapeutic data of a
patient is kept within a supported device section of a health information system.
The interconnection can be helpful not just for the healthcare sectors; it can be equally
encouraging among the social service groups as well. As a doctor or a service provider has to be
able in accessing data about the other facilities a patient has enjoyed, or all other medicines, he
can deal with such issues in a much better fashion.

Through the process, the therapeutic time consumption can be reduced significantly. Moreover,
the treatments being very specific, the positive outcomes can be enjoyed in much quicker
fashion.

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.
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.
Upon gaining sufficient knowledge, one should conduct a participation assessment to
understand current reporting processes and to identify strength and weaknesses and what
needs to be implemented.
The third step must be to explore the opportunities related with this program, give better
performance by showing improvements and determine alternate care delivery models for clinical
practices.

Source: http://ipatientcare.com/macra-does-it-ease-your-practice-work/

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