MACRA Contributor Compendium

MACRA Compendium

Contributor

In the first of a series from the Digestive Health Physicians Association, Dr Lawrence R. Kosinski writes about Project Sonar, an innovative proposed Advanced APM that has cleared the first regulatory step. Project Sonar has saved thousands in hospitalization costs in pilot studies.
While the Merit-based Incentive Payment System (MIPS) has gone into effect for physicians that participate in Medicare Part B, many questions remain about the practicalities of the program. Physicians could also participate in advanced alternative payment models (APMs), but the vast majority of physicians and physician groups are expected to participate in MIPS.
Two fundamental reasons explain why patient engagement is critical for success as a Medicare Advantage provider.
The payment reforms introduced in the Medicare Access and CHIP Reauthorization Act make the medical home care model more relevant than ever.
What are some effective patient engagement strategies to succeed with bundled payments?
Though there are many unknowns regarding how the Trump administration will affect policy, there is bipartisan support for lowering costs and increasing quality. The Medicare Access & CHIP Reauthorization Act of 2015 is a separate law that was passed with 92% bi-partisan support in 2015. Read on for tips on creating a strategy that will set you up for success under advanced alternate payment models.
With MACRA, providers gain access to financial incentives for value-based care, and patient engagement becomes crucial.
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