For years the physician community has been advocating that Congress repeal the broken sustainable growth rate (SGR) formula which sets reimbursements for physicians under Medicare. They argued that the outdated formula did not adequately reflect costs for providing care to Medicare beneficiaries. Physicians had reason to celebrate on April 16, when the Medicare Access and CHIP Reauthorization Act (MACRA) became law. The bipartisan legislation, which sailed through both houses of Congress, not only eliminates the SGR mechanism formerly used to determine physician payment under Medicare, but also stabilizes payments to physicians during a four-year period of transition to new payment models.
Craig Brammer, CEO of The Health Collaborative, and Kelly Cleary, Counsel, Akin Gump Strauss Hauer & Feld LLP, walk you through what payments will look like under the post-SGR world and what you need to do to be prepared.
• Overview of the new payment model
• Understanding of the timeline and measurement domains from current incentive models to MIPS
A recording of the 45-minute webcast is available here: https://akingump.webex.com/akingump/ldr.php?RCID=c72a22ca8e1d7038c97419241bdd5012
The accompanying slides are available here: Overview of Physician Payment System Reforms
Stay tuned for more webinars presented by The Health Collaborative, and contact us with any future topic suggestions you may have.