The Medicare Access and CHIP Reauthorization Act (MACRA) replaced a patchwork of programs into a single system, in which physicians and eligible clinicians are rewarded for providing better care. You can continue to practice the way you have, but you can receive higher Medicare payments based on your performance.
The Quality Payment Program (QPP) offers good and bad news. The good news is that 2017 is the first reporting year. The bad news is that if you don’t do anything, you will be penalized with a 4 percent automatic reduction in Medicare payments in 2019.
Time is running out, 2017 is the base line reporting period that will determine your future Medicare reimbursements. If you do not take action this year, your practice will be on a downward spiral, and your Medicare reimbursements will drop dramatically.
With more than 100 years of expertise in health care management, finance, supply chain and operations, RMG is uniquely qualified to optimize cash flow, recover denied claims and design systems that boost financial efficiency and patient care. Our solutions deliver enhanced care, additional cash flow and data intelligence to optimize your business. RMG allows you and your staff to focus on your core mission: Providing excellent care.