Many healthcare organizations have hired on staff and redesigned or upgraded their infrastructure to support participation in value-based payments. Lacking data management makes it difficult to reach value-based care goals, which could result in hefty penalties.
In the beginning of November, the CMS (The Centers for Medicare & Medicaid Services) finalized their MACRA rules for reporting on data in 2018. The changes to these rules are affecting healthcare organizations across the nation as they are scrambling to get prepared. With less than 60 days til the first of 2018, healthcare clinics and practices are ensuring they have what they need for accurate reporting measurements.
Focusing on the quality of healthcare you/your organization provides is extremely important. There has been a lot of buzz around the Merit-based Incentive Payment System (MIPS) this year. “What is MIPS? How do we maximize our incentives? Who can help us?” are just a few of the common questions we have run into. Dedicating 100% of your attention to patient-centered needs is possible with the right technology.
The Merit-based Incentive Payment System (MIPS) has been in place for over 4 months now. It consolidated and improved Meaningful Use, PQRS, and VBPM and added some new Improvement Activities to your to-do list. By all accounts, it's a better system that will hopefully improve the healthcare we receive across the nation. But that doesn’t mean it hasn’t been a lot of work!