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    Looking ahead at MACRA/MIPS reporting for physicians

     

    Physicians, clinical staff and administrative staff should receive formal training on the capabilities of the EHR system. Take the time now to contact your vendor and schedule any training that you need to prepare for future reporting requirements.

    If you determine that your current system may no longer be a good fit or offer the full capabilities you desire, compare the options on the market against your practice’s needs, and engage a qualified healthcare consultant to assist with the selection process, if needed. 

    Mind the timeline

    Under the MACRA final rule issued in October 2016, providers could have started collecting performance data as early as January 1, 2017. However, non-exempt providers have until the start of the fourth quarter of 2017 (October 2) to begin collecting data. The more data you report, the higher your chances of qualifying for a positive adjustment.

     

    Quiz: How much do you really know about MACRA?

     

    March 31, 2018, is the deadline for non-exempt physician practices to submit 2017 performance data to the Centers for Medicare & Medicaid Services, regardless of which reporting option you choose.

    CMS is making it relatively easy for healthcare providers to meet the initial reporting requirements and avoid a negative payment adjustment in 2019—as long as you don’t wait too long to act. Start planning now to collect the performance data you need and to develop a MACRA reporting plan that works best for your organization.

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    Kevin N. Fine, MHA, is a director of healthcare advisory services in the Miami office of Kaufman Rossin, one of the Top 100 CPA and advisory firms in the U.S.  He can be reached at [email protected].

     

    Kevin N. Fine, MHA
    Kevin N. Fine, MHA, is a director of healthcare advisory services in the Miami office of Kaufman Rossin, one of the Top 100 CPA and ...

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