Medicare Access and CHIP Reauthorization Act
MACRA matters to hospitals and physicians because it rids of the sustainable growth formula and adopts value-based, more predictable payment models for physicians. For the next several years, physicians will receive set payment increases on an annual basis. Additionally, in 2019, physician's Medicare fee-for-service payments will be linked to the quality of care delivered. This element of the program is known as Merit-based Incentive Payment System, or MIPS.
Interested in reading the nearly 2,200 page final rule released in October 2016? You can do so at the Federal Register website. Or, you can visit the American Hospital Association's MACRA resource library for videos, issue briefs, webinars and more.