Providers Not Certain What MACRA Will Require but Will Participate

January 18th, 2017 by Kareo

Kareo has announced in a press release that a recent survey showed that 84% of independent physicians and staff aren’t sure what MACRA’s Quality Payment Program (QPP) will require of their practice. Despite this uncertainty, most of these same physicians expect to participate in it to the best of their ability. With payment adjustments potentially reaching plus or minus nine percent by 2022, this is good news. It means that most practices intend to do what is necessary to avoid an adjustment and/or try to get an incentive.

The survey was conducted by Kareo after the final rule was released in October, and over 170 medical practices responded. The overall results show that most practices expect to participate, but they still aren’t sure what the requirements are or how the program will impact revenue.

The proposed rule was announced in the spring of 2016, followed by a comment period. Industry groups, providers, and vendors responded with feedback, some of which was incorporated into the rule. The final rule came out on October 14, and it stated that the reporting period would begin on January 1, 2017 for those who want to fully participate and try to get a positive payment adjustment. That left just over two months for eligible clinicians and vendors to get ready.

“At Kareo, we felt that it was important to understand how prepared our customers really were to begin participating in the Merit-Based Incentive Payment System (MIPS), which is the QPP path most of them will follow,” said Dan Rodrigues, founder and CEO of Kareo. “Our survey highlighted that independent practices want to comply but they are struggling with the complexity and aggressive timing of the rule.”

When asked if they understood what MACRA requires of their practice, 41% said they were not sure and 43% said they disagreed or strongly disagreed. Only four percent said they strongly agreed that they knew what MACRA required of them.

Similar results were seen when asked about the impact on revenue. Sixty-three percent weren’t sure if MACRA would reduce reimbursement. When asked about whether MACRA would increase reporting burdens, most were sure it would. Over 60% said the reporting requirements would increase for their practice.

“The survey results highlight a trend we have seen at Kareo in recent years,” said Rodrigues. “Independent practitioners want to stay independent so they want to participate in programs like MACRA and avoid possible penalties. But they need help to do it. The addition of the Pick Your Pace options in the final rule is a step in the right direction.”

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Come Discuss the ROI of Digital Health Programs at #KareoChat

January 17th, 2017 by Kareo

As digital health initiatives become more prevalent in the healthcare industry, it is important to know and understand the ROI of these programs. When adopting a new technology, providers and practices want to ensure that it is worth the investment. Join host @chironhealth and @GoKareo for a #KareoChat on Thursday, January 19 at 9 AM PT to talk about how to understand and track the ROI of digital health programs.

 

 

 

Here are the chat questions to help you prepare your thoughts and join the conversation:

  1. How would you define a “digital health program” & how does it differ from traditional services in the healthcare space?
  2. ROI for digital health programs: do you see the results as more quantitative (+revenue) or qualitative (+customer reviews)?
  3. How do you envision telemedicine integrating with other practice technology and systems?
  4. Poll: Out of the following results produced by digital health tech, which do you find the most important? Why? Improved patient outcomes, Patient satisfaction, or Practice efficiency, Practice profitability
  5. Marketing to patients is a way to overcome slow uptake of digital health programs. What’s your effective marketing strategy?
  6. What is one thing that digital healthcare companies need to focus on to attract a potential customers?

Bring your questions, post them to #KareoChat ahead of time, or tweet them to the host @chironhealth or @GoKareo. Hope to see you there!

About the Host

Chiron Health is a telemedicine software that allows physicians to connect with patients for routine appointments over secure video – and receive full reimbursement. Cloud software contains full support for patients and physicians, EHR/PM integrations, plus billing and reimbursement tools.

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Register for Free Webinar on MIPS Success

January 12th, 2017 by Kareo

Simple Steps to MIPS Success
Wednesday, January 18
10:00 AM PT, 1:00 PM ET

In this free webinar you’ll get a clear overview of MIPS and tips on how to participate successfully

The MACRA Quality Payment Program kicked off January 1. Most eligible clinicians will be in the Merit Based Incentive Program (MIPS). There are three parts to MIPS and providers will receive anywhere from -4% to +4% in 2019 depending on their total composite score. CMS is offering a pick your pace approach, but we recommend that everyone do their best to attest fully.

In this free webinar we will review the three categories and provide some tips on how to be successful in each so that you can get the full 4% incentive in 2019 and prepare your practice to continue to receive the increased incentives in the following years.

Register today! You don’t want to miss this.

Register Now

About the Speaker

Lea develops educational resources to help small medical practices improve their businesses. She joined Kareo after working at a small integrated health system for over five years developing marketing and educational tools and events for patients. Prior to that, Lea was a marketing coordinator for Medical Manager Health Systems, WebMD Practice Services, Emdeon, and Sage Software. She specializes in simplifying information about healthcare and healthcare technology for physicians, practice staff, and patients.

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Kareo Newsletter Covers MACRA, Alternate Payment Models, and What’s Coming in 2017

January 10th, 2017 by Kareo

The Kareo January Go Practice Newsletter looks at tips for navigating MACRA, perspectives on alternate payment models, and predictions for what is to come in 2017. You can also check out recent Kareo events you may have missed as well as upcoming events you might want to add to your calendar.  Read all this and more now!

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Discuss Evolving CMS Programs & What They Mean for Practices at #KareoChat

January 9th, 2017 by Kareo

“A big driver for healthcare analytics, my area of focus, are the legislative changes that support value-based care,” says Corinne Stroum (@healthcora). “CMS’ programs are a litmus test for healthcare workflow and spending changes, and I track them to determine how they will impact analytics activities.” As we start the new year and the new programs and changes that come with it, come and join @healthcora and @GoKareo to discuss evolving CMS programs and what they mean for practices heading into 2017 at #KareoChat this Thursday, January 12 at 9 AM PT.

 

 

Here are the chat questions to help you prepare your thoughts and join the conversation.

  1. Are you considering adopting any of the new CMS Innovation Models? Why or why not?
  2. Are you changing your staffing for value-based care activities? How so?
  3. What IT changes or investments are you planning for the next 2-3 years to keep up with market changes?
  4. What challenges do you think think there will be for practices in participating in MACRA?
  5. What are some of the concerns you are hearing about participating?
  6. What changes have you made to your business or care activities to accommodate your 2017 plans for MACRA?

Bring your questions, post them to #KareoChat ahead of time, or tweet them to @healthcora and/or @GoKareo. Hope to see you there!

About the Host
Corinne StroumCorinne Stroum currently works as the Director of Program Management for Healthcare Analytics at Caradigm. Her experience in health IT is with solutions ranging from a Workflow and Rules Engine to tools that enable exploration of longitudinal analytics data. She is conversant in clinical interoperability standards, healthcare terminology systems, and government legislation, enabling her to work with clinicians and developers alike.

 

 

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Welcome to Building Kareo, a weblog by the team at Kareo about our products, our partners & competitors, medical billing, healthcare information technology, and much more.

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