What You Need to Know About MACRA & Bundled Payments August 16, 2016
August 16, 2016
What You Need to Know About MACRA and Bundled Payments
HFMA: Tennessee Chapter Lunch and Learn
Christian Brothers University
Join HORNE Healthcare Senior Manager Schaeffer Smith, MPH, and Healthcare Manager Jim Wadlington, CPA, FHFMA, as they co-present What You Need to Know About MACRA and Bundled Payments at the HFMA: Tennessee Chapter Lunch and Learn.
The passage of the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA), Comprehensive Joint Replacement (CJR) model and the Bundled Payments for Care Improvement (BPCI) program are changing the healthcare payment environment significantly. Additionally, the Centers for Medicare and Medicaid Services estimate that during 2016, 30 percent of Medicare payments will be value-based with quality metrics instead of the long-standing fee for service volume methods and will further expand to nearly 50 percent by 2018. CMS has indicated the that the two bundled payment programs do not qualify as advanced Alternate Payment Models (APMs) Understand bundles and how they may impact payments for hospitals as well as the potential impact to physicians moving under MACRA is critical.
Now is the time to proactively plan ahead—understanding that data is a strategic asset. In this presentation, we will dive into the changes you need to be prepared for:
- MACRA creates two options for Medicare provider payments for physicians
- Provider reimbursement expected to increase under BPCI
- Being first matters more than being perfect – failure tolerance
- Not all bundles are created equally – evaluate carefully
- You must know your value proposition
For more information about Bundled Payments, contact Healthcare Manager Jim Wadlington at email@example.com, for more information about MACRA, contact Healthcare Manager Schaeffer Smith at firstname.lastname@example.org.
For more information about this program, visit TNHFMA.