10 questions about MACRA everybody wants to know the answer for! The Medicare Access and CHIP Authorization Act, (MACRA), has been met with widespread relief and a tad bit of suspicion. As always conspiracy theories and unanswered questions are in the air. Here are 10 major questions that everybody wants an answer for. 1. What exactly is MACRA? The Medicare Access and CHIP Authorization Act, (MACRA), will permanently replace the dreaded Sustainable Growth Rate formula for determining payments. MACRA seeks to:
Provide payments based on quality and outcomes rather than volume
To consolidate major incentive programs like PQRS, value based payment modifier, Meaningful Use and the Medicare Electronic Health Record incentive program into one single, comprehensive framework. Though the existing incentive programs will be retired, the Merit Based Payment System (MIPS) will retain the foundational ideas of the current quality reporting programs.
Health information technology will play a major role
2. How will MACRA impact payments? There are 2 paths for payment in the MACRA legislation.
The Merit Based Payment System (MIPS)
Alternative Payment Models (APMS)