Holy MACRA! Half of Docs Have Never Heard of Approaching Medicare Reimbursement Reform

The Medicare Access and CHIP Reauthorization Act (MACRA) of 2015 will make sweeping changes to how Medicare will pay for physician fees and is expected to drive care delivery and payment reform across the US health care system for the foreseeable future. Replacing the flawed Medicare physician sustainable growth rate (SGR), MACRA has the potential to be a game-changer at all levels of our health care system, but are health care providers prepared?

A recent survey by Deloitte Center for Health Solutions of 600 US physicians sheds light on physicians' awareness of MACRA, their perspectives on its implications, and their readiness for change.

The survey found:

  • Fifty percent say they have never heard of the law, and 32 percent recognize it by name but are not familiar with its requirements.
  • Twenty-one percent of self-employed or independent physicians say they are somewhat familiar with the law, compared to nine percent of physicians employed by hospitals, health systems, or medical groups owned by them.
  • Eight-in-ten say they prefer traditional fee-for-service (FFS) or salary-based compensation as opposed to value-based payment models, some of which qualify under MACRA's Alternative Payment Model (APM) track.
  • Seventy-four percent of surveyed physicians believe that performance reporting is burdensome, and 79 percent do not support tying compensation to quality - both requirements under MACRA.
  • Fifty-eight percent of physicians say they would opt to be part of a larger organization to reduce individual increased financial risk and have access to supporting resources and capabilities.

To help podiatric physicians understand MACRA's payment reforms, CPMA's 2016 Essentials of Practice Management (November 5, 2016, San Jose, CA) will provide an overview of MACRA to help bring doctors up to speed and assist them in taking the necessary steps NOW to prepare their practices for the scheduled January 1, 2017 Medicare payment reform implementation date.

To register for this MUST-attend program, please click HERE

After the program, plan to attend the 5th Annual NorCal One Voice, a night of dining and entertainment to support CalPPAC - the only California PAC supporting Podiatric Physicians and their patients. To RSVP to attend the 5th Annual NorCal One Voice Event please click HERE