Page 6 - SFHN0319finalJG.qxp_Page layout
P. 6

Cover Story: MACRA –

                                             Is Your Medical Practice Poised for Success?


                                             Continued from page 1
                                             Quick Participation Preferred:                         ting data through your electronic health record (EHR) or a
                                               The QPP which is in its 3rd performance year and 1st payment   Registry/Qualified Clinical Data Registry (QCDR), abide by your
                                             adjustment year has two tracks: Merit-Based Incentive Payment   internal submission dates.
                                             System (MIPS) and the Alternative Payment Model (APM).
                                               MIPS payment adjustments are based on your performance on   What the Future Holds
                                             the measure and activity data you collect and submit for four   The current full performance period is January – December 31,
                                             MIPS performance categories: Quality , Improvement Activities,   2019, but not all categories require 12 months of data collection.
                                             Promoting Interoperability (through the use of certified EHR   Payment adjustments based on this performance period will be
                                             technology) and Cost.  Each category is worth a certain percent-  made in 2021.  By law , this program must be administered and
                                             age and within it, each measure carries points. After taking into   though it may be modified from year to year, it is here to stay . The
                                             account the set minimum threshold, the final cumulative score is   program continues to evolve given the underlying pressure to
                                             used to determine whether you receive a positive, neutral, or neg-  drive value over volume, and identify meaningful patient out-
                                             ative payment adjustment on your Medicare Physician Fee   comes while reducing the burden on providers.
                                             Schedule (PFS) and Medicare Part B allowed charges.  Since QPP
                                             must remain budget neutral, the amount by which a positive   Success Is Paramount
                                             MIPS payment adjustment factor is increased or decreased   Success with QPP really hinges on the basics of proper plan-
                                             depends on the distribution of final scores across all MIPS-eligible   ning and monitoring.  First, visit the CMS- QPP website to deter-
                                             clinicians.                                            mine participation eligibility and the measure requirements for
                                               APM gives added incentive payments to provide high-quality   your practice.  Set up the reporting mechanisms and reports –
                                             and cost-efficient care by way of bonus payments for participation   technology is vital for this.  Review your performance against set
                                             in an eligible alternative payment models (APMs) such as the var-  goals on a monthly basis, and make indicated improvements
                                             ious ACOs, bundling, and shared savings programs.  CMS deter-  accordingly . Ensure that you manage activities to all deadlines.
                                             mines the qualifying APM participants (QPs).             There are many ways for medical practices to get assistance
                                               To check your eligibility for participation by performance year,   with facilitating a successful implementation of QPP .  Practice
                                             use the QPP participation status tool that can be found on the   transformation consultants are available to assist with the full
                                             CMS – QPP website by entering your 10-digit National Provider   implementation of the program in your respective practices and,
                                             Identifier (NPI) number to find out about your requirement to   direct technical assistance are available on the CMS-QPP website.
                                             participate or even if you can opt-in.                 Success in the MACRA-legislated QPP program is now a key
                                               The submission window for the performance year in 2018 is   business imperative for healthcare providers.  For information
                                             open through April 2, 2019.  CMS web interface users need to   about the QPP program, visit the CMS website at
                                             report their quality performance category data by March 22,   https://qpp.cms.gov/
                                             2019.   If you are a clinician/practice that reported quality meas-
                                             ures via Medicare Part B claims throughout the 2018 performance   Oyinkansola Ogunrinde is the Founder and Chief Practice
                                             year, CMS receives your quality data from claims processed by   Transformation Officer of FUNMI Healthcare Consulting, LLC, a
                                             your Medicare Administrative Contractor (MAC). Claims for   consultancy specializing in the management of physician practice
                                             services provided during 2018 must be processed within 60 days   and ambulatory services (www.funmihc.com). She can be reached at
                                             after the end of the 2018 performance period. If you are submit-           bukky@funmihc.com and (561) 320-1071.



















































                                                                                                                                    $
                                                                                                                                       /
                                                                                                                                            6 6
                                                                                                                                  6 6 6$$ ( (/$/(6
                                                                                                                                  6 6 6 6





         6                         March 2019                                                             southfloridahospitalnews.com                                                                       South Florida Hospital News
   1   2   3   4   5   6   7   8   9   10   11