The Medicare Access CHIP Reauthorization Act (MACRA) was approved as a law on April 26, 2015. MACRA invalidates the primarily used Sustainable Growth Rate (SGR) formula with an advanced pay-for-performance program to pay healthcare providers based on their qualitative services rather than quantitative services. Medical Access and CHIP Reauthorization is the law that reforms the Medicare payment system by focusing on quality, value, and accountability. MACRA, undoubtedly, focuses on quality over quantity. Under this act, Medicare and other payers pay handsomely to the physicians based on their services. MACRA Medicare encapsulates a two-track quality payment program that focuses on the value-based payment models. These models improve the quality and effectiveness of the payment method to make it error-free.
HPA aims to improve care quality because MACRA handles the payments by transitioning them from volume to value. HPA professionals focus on the and MACRA to make the payment method trouble-free.
Following are the operations HPA takes heed to improve the payment methods:
Physicians Quality Reporting System (PQRS)
At HPA, we tend to tread under the Physician’s quality reporting system, which encounters a reporting program for CMS that provides an opportunity to the professionals to assess the quality of care and help ensure that patients get the proper care at the right time. We swiftly assure profit by reporting PQRS quality measures. With the help of feedback provided by CMS MACRA, providers can also analyze how they are meeting the particular quality metric. They can ensure the payment process afterward.
Value-Based Payment Modifier (VBM)
As we mainly focus on the long-term profit assurance for our clients, we prominently ensure that the services of our clients are tightly linked with the Value-Based Payment Modifier (VBM). The value-based modifier is the pay-for-performance program that gives the payment adjustments to physicians and independent practitioners based on the aspect of quality and cost of care they are giving to their patients.
Medicare Electronic Health Records (EHR)
Here at HPA, our experts have a clear insight into how medicare electronic health records work. We aim to provide innovative measures for healthcare providers to prioritize tasks to improve the overall quality of care. We are well aware of the fact that Health Records play a crucial role in improving the payment method by providing concrete, correct and complete information about the patients. We focus on enabling quick access to patients for more coordinated and efficient care. Consequently, it will enhance the quality of care provided by healthcare professionals, which will motivate the payers to pay accordingly and without any doubt.
Being the quality service providers regarding MACRA, We’re dedicated to pushing for quality measures that:
- Reduce the amount of administrative work that clinicians have to perform.
- Patients’ results will improve.
- Enhance the value of care.
Being the leading service providers at HPA, we use the experience and insight of our experts who work on the front lines to establish measurements that make sense and help develop a genuinely value-based healthcare system.
Give HPA a try and you won’t regret working with us as We aim to enable you to upgrade your revenue to a remarkable level.