The Medicare Access & CHIP Reauthorization Act of 2015 (MACRA) is part of CMS’s latest push toward value and quality. This legislation is responsible for many of the new changes, including the repeal of the Sustainable Growth Rate (SGR) Formula, revisions to how Medicare rewards clinicians for value over volume, and creation of bonus payments for participation in eligible alternative payment models (APMs).
Under MACRA, the most immediate and monumental change that will affect your practice is the new Merit-Based Incentive Payments System (MIPS), which streamlines multiple quality programs.
Designed to help you maximize your Medicare revenue under Medicare’s MIPS. MSOC Health is offering practices a comprehensive consulting package to help practices get ahead. This includes:
If you don’t participate in MIPS for the 2017 reporting year, you will receive a 4% reduction in Medicare payments in 2019.
To avoid the penalty, you must report data to CMS based on services provided in 2017. If you don’t have a MIPS plan and you aren’t already collecting data to report, you need to get started.
MSOC Health is offering a special consulting package designed to educate you about the MIPS program and quickly develop and implement a plan to avoid the penalty. Our Avoid the MIPS Penalty Package is $500 and includes: