The CMS has various programs, such as Quality Payment Program, MACRA, MIPS and APM incentive implementation. Healthcare professionals need to give close attention to the proper implementation of these programs. They have to be very thorough in paying full attention to the structure and program-specific details.
Effective from January 1, 2017, CMS has started using one of these two pathways for rewarding clinicians for their delivery of high-quality patient care:
- Payment of incentives given for participating in Advanced Alternative Payment Models, or what are called Advanced APMs;
- Making either a positive or a negative adjustment pursuant to the clinician’s performance under the new Merit-based Incentive Payment System (MIPS).
This is the time of the year during which the CMS is expecting clinicians to accelerate the speed of their participation for the 2017 performance year. There is no better time for these entities to make preparations, in view of the fact that the payment adjustments for the first performance year for these programs, which has begun on January 1, 2017, will follow in 2019 (i.e., the 2019 bonus/penalty adjustments will be based on the 2017 performance metrics).
Clinicians and healthcare professionals will have the option of using either of three flexible options to submit data under MIPS. They can also use a fourth option to join an Advanced APMs if they have to ensure that they will not trigger a negative payment adjustment in 2019. All this means that clinicians and health care leaders need to be on their toes in developing strategies which will help them position their organizations for financial success under the new Quality Payment Program.
Getting trained to get an understanding of the program is necessary
Given the situation that clinicians and healthcare professionals are in in view of this kind of huge preparation they need to be making, it is important for them to get trained from a professional to overcome the challenges associated with the implementation part of these CMS provisions.
It is to help professionals in the healthcare industry who are required to deal with the CMS provisions, such as in-house counsel, healthcare compliance officers, healthcare human resources and healthcare CFO’s that MentorHealth, a highly regarded provider of professional trainings in the areas of healthcare, will be organizing a webinar.
This webinar will seek to put to rest all the doubts and misunderstandings in the minds of healthcare professionals as regards the implementation of these programs.
The speaker at this webinar is Joseph Wolfe, who is an attorney with Hall, Render, Killian, Heath & Lyman, P.C., the largest healthcare focused law firm in the country. To gain proper and thorough understanding of the whole aspects of the Quality Payment Program and what it means to implement them; please enroll for this webinar by visiting
http://www.mentorhealth.com/control/w_product/~product_id=800955/?Wordpress-SEO
Joseph will focus on an overview of the Quality Payment Program, including its MIPS and Advanced APM pathways. He will provide clarity with his straightforward and uncluttered explanation of key provisions and options for clinicians and healthcare professionals who need to keep the CMS requirements for 2017 transition year and beyond in mind. He will explain the Quality Payment Program and its pathways.
In all, this webinar will be a thorough heads-up on how to get the provisions of the CMS programs such as Quality Payment Program, MACRA, MIPS and APM incentive implementation.
A complete discussion on the 2017 requirements and more
In offering a full and clear explanation of the CMS’ requirements for 2017 and beyond, Joseph will cover the following areas:
- Provide a general overview of MACRA and the CMS Quality Payment Program
- Explain the consolidation of historic incentive programs into MIPS and provide an overview of the underlying MIPS scoring methodologies
- Discuss qualifying Advanced APMs and the process for earning program incentives for APM participation
- Describe strategies for engaging key stakeholders, and for picking your pace in the transition year
- Discuss potential strategies for incentivizing physicians in connection with the rollout of the new Quality Payment Program.