Keynote Presentation - MACRA is Here: Are you Prepared? presented by Dr. Doug Jorgensen and Amanda Lord
Unless you are participating, partially or fully in an APM Alternative Payment Model or you are in a program that is not subject to MIPS (i.e.: Federally Qualified Health Centers (FQHC)) MIPS goes into effect January 2017 by congressional law. Congress has mandated that in 2018 50% of Medicare money must be at risk. By 2023, that number jumps to 75%. At risk, in this sense, means you have to prove you deserve a portion of what you are doing in an APM or via MIPS if you are in a nonexempt practice; otherwise you will have penalties imposed and be paid less. This session reviews the federal revenue cycle management program, how it has evolved, and what you need to do today to successfully participate and be reimbursed what you are legally and ethically owed for services rendered. Remember, this isn't just about Medicare anymore; other payers and insurers are following suit.