MACRA is a disruptive, regulatory program to existing physician reimbursement with many elements and moving parts. It transitions providers away from traditional fee-for-service and introduces revenue gain or loss based on key value-based metrics.
The program includes two new Quality Payment Programs, the Merit-based Incentive Payment System (MIPS) and Alternative Payment Models (APMs), both of which go into effect over a timeline that started in 2015 and goes through 2021 and beyond.
MACRA, a landmark legislation has the potential to significantly impact your organization's revenue if you do not have the processes, procedures and systems in place.
Start reviewing your organization's readiness by asking questions that will help you gauge your organization's preparedness for MACRA.