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Do you know if your practice is earning enough in Medicare revenue to comply with The Medicare Access and CHIP Reauthorization Act of 2015 (MACRA)? All of the changes taking place in the realm of healthcare could directly affect your practice. This week, Modern Healthcare posted an article about an exemption that Centers for Medicare and Medicaid Services (CMS) has given to small practices regarding their requirement to participate in MACRA.
However, providers should not view this exemption action as CMS taking their foot of the gas on value-based care. In fact, John Feore, director and healthcare consultant at Avalere, stated that 65% of Medicare payments would still be reported under MACRA’s quality reporting program. That’s because large practices still provide care for a majority of Medicare recipients.
The article goes on to discuss small practices’ ability form “virtual groups”, the projection of doubling participation in Advanced Alternative Payment Models (APMs), and more information on payments that are based on the four performance categories. Click here to read the full editorial.
Dickson, V. (2017). CMS gives more small practices a pass on MACRA. Modern Healthcare, 1.
Dickson, V. (2017). Virtual groups may not draw many docs looking to meet MACRA. Modern Healthcare, 1.