Timelines are short to prepare for MACRA reporting and there is much to do!
What is MACRA / MIPS? Who must comply? When, where, and how do I start? Do I still have to work on the requirements to comply with Meaningful Use? Are there any exemptions from MIPS? If you find yourself asking these questions you are not alone!
What is it?
- The Medicare Access Chip and Reauthorization Act of 2015 (MACRA) replaces the Medicare sustainable growth rate formula with new programs that reward qualifying physicians for providing a higher quality of care.
- The Merit-based Incentive Payment System (MIPS) , and Advanced Payment Models (APMs) are among the top concerns of every healthcare organization.
- CMS has predicted that more than 600,000 providers are subject to MIPS which is the new default for Medicare part “B” clinicians. Only a few will be exempt from the requirements.
How can MMY help?
The MMY experts in Revenue Cycle stand ready to provide trusted guidance to clients as they embark on the journey toward compliance with this new requirement. MMY team members have conducted several webinars and informational updates to help attendees learn what will be needed to comply. Click on the link below to check out this educational paper on the tenets of this important legislation!
MACRA_MIPS Informational Overview 9.6