PAYMENT REFORM IS COMING
APA IS HERE TO HELP.
The Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) changes the way psychiatrists and other physicians working with Medicare patients will be paid. Some reporting requirements begin as early as January 1, 2017.
WHAT IS THE GOAL?
To reimburse care based on quality and value rather than the number of services you provide.
WHAT IF I DON’T COMPLY?
Refusing to comply could result in automatic penalties and missing out on possible incentives.
HOW CAN I GET READY TO COMPLY?
You’ll need to select a payment path. Rather than continuing a fee-for-service model of reimbursement, MACRA introduces two new payment paths - MIPS and APMs:
To view the APA MACRA education flyer CLICK HERE
On June 29, APA hosted a live webinar on payment reform and quality reporting under the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA). The webinar provides psychiatrists with a basic understanding of the key features of MACRA and how they may impact their practices. For more information and to download the slides, go here.
Individuals can view and claim credit for participating in an accredited version of this webinar by visiting the apa learning center. APA is accredited by the Accreditation Council for Continuing Medical Education (ACCME) to provide continuing medical education for physicians. The APA designates this activity for a maximum of 1 AMA PRA Category 1 Credits™. Physicians should claim only the credit commensurate with the extent of their participation in the activity.
Additional APA Resources & Assistance:
New MACRA Web Pages: www.psychiatry.org/MACRA , will include APA Comments on the Proposed Rule and background on the MACRA (Medicare Access & CHIP Reauthorization Act), MIPS (Merit-Based Incentive Payment System) & APMs (alternative payment models).
APA members may contact the following APA staff:
• MIPS Quality & Resource Use:
Samantha Shugarman, firstname.lastname@example.org
• MIPS Advancing Care Information (ACI)/EHRs (electronic health records):
Nathan Tatro, email@example.com
• MIPS Clinical Practice Improvement Activity (CPIA):
Nevena Minor, firstname.lastname@example.org
• MACRA Alternative Payment Models: Eileen Carlson, email@example.com
• APA Practice Management Helpline, 1-800-343-4671: Coding, reimbursement & practice management questions.
Click Here to go to CMS.gov