Recently, the Medicare Access & CHIP Reauthorization Act (MACRA) repealed the Medicare Sustainable Growth Rate (SGR) and replaced SGR with a new Quality Payment Program (QPP). Under this new program participating clinicians are subject to payment adjustments based on their performance. This news has caused many practices stress because it shifts the market from a standard fee-for-service model to a value based payment model. It requires a significant level of reporting, patient engagement, and technical expertise.
Here at TempDev, our team has been researching MACRA and helping our clients get ready for their first year of reporting. We have noticed how many people are struggling with understanding how and what to report, so we created a page devoted specifically to helping you navigate this new system. This page and their corresponding toolkits are free because we want to ensure everyone is able to accurately report their data under MACRA. For those needing in-depth MACRA assistance, our team of NextGen consultants can answer all your MACRA questions.
Our MACRA page highlights the two tracks you can take with MACRA: Merit-based Incentive Payment System (MIPS) and Alternative Payment Model (APM). Eligible clinicians will follow the MIPS path, unless they are in an APM or advanced APM. CMS has stated that they expect about 90% of clinicians to initially participate in MIPS. On our page, simply click the track you would like to know more about and our friendly MACRA guru will guide you through everything that you need to know.
What’s On Each Page?
Each track’s page starts out with a brief explanation of MACRA and the details of the MIPS versus APM path. This will help you determine if the track you’re looking at is the right one for you. Once you determine you’re on the right track, you can scroll down to check out the Top Ten Things to Know about your track. This section includes information on everything from how to prepare for reporting, what and how to report, and what to do if you’re not ready to start reporting.
Afterwards, our guru will guide you through the roadmap for your track that includes all the important dates for reporting from 2017 through 2019. It begins when the 2017 transition year reporting period opens and ends with the deadline for 2018 submission. It also includes the recommended and required upgrade dates for the NextGen Regulatory Release (version 5.9/KBM 8.4).
If you need more detailed information about the reporting process or MACRA in general, you can download the full APM and MIPS Toolkits at the bottom of their respective pages. These Toolkits come with several detailed infographics that will help you master your MACRA track.
If you have any questions about the infographics or APM and MIPS, feel free to contact us.Our team knows the ins-and-outs of each MACRA track and can walk you through each stage of the reporting process. As MACRA grows and changes over the next few months and coming years, we will continue to update our pages to reflect any new information, so be sure to check back often. You can also check out our other blog posts for more in-depth information on MACRA, QPP, MIPS, and APM.