The Medicare Access and CHIP Reauthorization Act (MACRA) was enacted in 2015 with the goal of creating a flexible, unified program for reimbursing physicians under two value-based payment tracks – the Merit Based Incentive Payment System (MIPS) and the Alternative Payment Model (AMP)
According to CMS.gov, the purpose of MACRA is to create a quality based […]
We’re quickly approaching 2019, the year when the Centers for Medicare & Medicaid Services – otherwise known as CMS – is set to begin its new reimbursement program (MACRA) based on a quality system that rewards clinicians with high quality scores and likewise penalizes those that achieve lower numbers. The goal is to ensure that […]
The 2015 Medicare Access and CHIP Reauthorization Act (MACRA) changed how Medicare Part B providers would be paid.
Replacing the volume-based payment system, MACRA is a performance-based system that rewards providers that give patients great value and outstanding service and care.
Under MACRA, healthcare providers are eligible to join the Merit-Based Incentive Payment System (MIPS), which combines […]
In 2015, the government implemented the Medicare Access and CHIP Reauthorization Act (MACRA) to update the standards for patient billing and to reward healthcare facilities that were providing outstanding patient care.
This quick overview of MACRA can provide you with the knowledge to take advantage of the changes necessary to remain in compliance.
Explaining MACRA
At its core, […]
Pediatric Physical Therapists are getting on board with fully electronic systems in their practice and as the number of benefits grow, so too does interest in pediatric therapy EMR software. Electronic medical records don’t just offer convenience and ease for medical professionals (though that is one undeniable benefit), but they also offer an opportunity to […]
Bariatrics is one of those fields that requires a significant amount of monitoring, tracking, charting and changing. If you were doing everything by paper, simply keeping track of a patient’s vitals could be a full-time job. However, with bariatrics practice management and EMR software, you can do more for each patient in less time and […]
It’s no secret that EMR software is changing the face of medical care as we know it. From streamlining workflow to cutting down on billing errors, and from improving patient care to increasing profits, it’s no wonder that most healthcare offices have implemented some sort of EMR system. If you’ve incorporated physical therapy EMR software […]
All businesses rely on timely and full payments of products or services to get by. Healthcare businesses are no different. Yet, medical providers are in a unique position. Whereas most other business owners only hand over a product or perform a service upon receipt of payment, medical providers perform a service, bill a third party […]
The merit-based incentive program (MIPS) went into effect at the beginning of 2017. Many institutions spent the year deciding which measures to report on and setting up infrastructures to provide those reports.
This new program has had many changes over the course of the last year and will continue to see changes this year as well. […]
When you run a busy physical therapy practice, you want patient care to be your top priority.
Unfortunately, outdated billing systems can rob you of valuable time and energy, reducing the quality of service you’re able to provide.
Maybe you’ve considered using billing software, but aren’t sure if it’s worth the investment?
I’m here to explain five key […]
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