MACRA: If These are the Challenges, We Have the Solutions
According to Black Book Report on biggest MACRA challenges for clinicians, seventy-seven percent of physician practices with three or more clinicians seek to buy MIPS compliance technology solutions by Q4. “Given the magnitude of the changes, the hunt is on for the best MIPS incentive enablement resources,” said Managing Partner of Black Book Research Doug Brown. That said, 92% of respondents were not aware of any branded technologies from vendors that support all MIPS registry measures for 2017 reporting besides their EHR or EMR.
Other takeaways from the report include:
- The need for MACRA consultants – 80% of surveyed physician practices reported that performing a technology inventory is a must when it comes to ensuring readiness for MACRA implementation.
- Time management issues will contribute to practices outsourcing their MACRA initiatives – 80% of provider organizations without a MACRA strategy anticipate selecting a turnkey software or outsourcer to make up lost time as quickly as possible for 2017.
- Reimbursement will be funneled to clinicians with data – 64% of hospital networked physician organizations are incorporating performance incentives in their practices
- Increased scrutiny over provider cost and quality – A Q4 Black Book survey revealed 12% of all healthcare consumers said they had viewed an online physician rating site in the past year.
The SpectraMedix eMeasures360™ for MIPS solution provides industry leading MIPS reporting and incentive enablement solutions for hospitals, health systems and ambulatory care providers. In contrast to other solutions on the market, eMeasures360™ for MIPS provides our clients the ability to satisfy all MIPS categories, all 243 MIPS measures and report MIPS via eCQMs. As a 2017 CMS MIPS Qualified Clinical Data Registry (QCDR), eMeasures360™ for MIPS enables our clients to report using non-MIPS behavioral health measures and with clinical/EHR data. The solution is also a CMS certified Qualified Registry.
Additionally, in the Black Book Report 89% of physicians said the main reason why they acquired MIPS support software is because they could not figure out how to calculate their MACRA earning potential. SpectraMedix provides a MIPS Simulator that runs and analyzes scenarios starting from the most granular measure score level. It will include multiple levels of intelligence and would be able to track measure level impact all the way up to final payouts.
SpectraMedix also recently launched the National MACRA Advisory Council, a voluntary group composed of industry leading thought leaders, including the former Acting National Coordinator of the ONC, to explore the impact of MACRA, MIPS and APMs on providers. We leverage the knowledge from the Council to enhance eMeasures360™ for MIPS and build a best in class solution.
By: Jocelyn Wallace
For More Information Contact Marc Bryant email@example.com