MACRA passed. What’s next?
When the Medicare Access and CHIP Reauthorization Act (MACRA) passed in 2015, it eliminated the sustainable growth rate formula for physician payment and replaced it with a two-track, physician Quality Payment Program that will start in 2019.
This monumental shift from volume to value-based reimbursement will have a wide range of implications for all IHA member hospitals that employ their own physicians. Just a few of the changes occurring as a result of MACRA include:
- Starting in 2019, physicians’ Medicare fee-for-service programs will be linked to their quality of care
- Hospitals who employ their own physicians will absorb the cost of MACRA compliance
- For the next several years, physicians are eligible for annual payment increases
- Hospital/physician relations will more than likely continue to change as a result of new reimbursement structure
IHA is here to help member hospitals navigate MACRA compliance, offer the latest news and updates, and advocate on your behalf.
You can learn more about the implications of MACRA by visiting the Quality Payment Program's website or by reading the full, 2,200-page report.
ADDITIONAL MACRA RESOURCES: