Researchers at American Geriatrics Society Report New Data on Medicare and Medicaid (Medicare Access and CHIP Reauthorization Act: What do Geriatrics Healthcare Professionals Need to Know About the Quality Payment Program?)
By a News Reporter-Staff News Editor at Insurance Weekly News Researchers detail new data in Medicare and Medicaid. According to news reporting out of New York City, New York, by VerticalNews editors, research stated, "Commencing in 2017, the Medicare Access and CHIP Reauthorization Act (MACRA) of 2015 will change how Medicare pays health professionals. By enacting MACRA, Congress brought an end to the (un)sustainable growth rate formula while also setting forth a vision for how to transform the U.S. healthcare system so that clinicians deliver higher-quality care with smarter spending by the Centers for Medicare and Medicaid Services (CMS)."
Our news journalists obtained a quote from the research from American Geriatrics Society, "In October 2016, CMS released the first of what stakeholders anticipate will be a number of (annual) rules related to implementation of MACRA. CMS received extensive input from stakeholders including the American Geriatrics Society. Under the Quality Payment Program, CMS streamlined multiple Medicare value-based payment programs into a new Merit-based Incentive Payment System (MIPS). CMS also outlined how it will provide incentives for participation in Advanced Alternative Payment Models (called APMs). Although Medicare payments to geriatrics health professionals will not be based on the new MIPS formula until 2019, those payments will be based upon performance during a 90-day period in 2017. This article defines geriatrics health professionals as clinicians who care for a predominantly older adult population and who are eligible to bill under the Medicare Physician Fee Schedule."
According to the news editors, the research concluded: "Given the current paucity of eligible APMs, this article will focus on MIPS while providing a brief overview of APMs."
For more information on this research see: Medicare Access and CHIP Reauthorization Act: What do Geriatrics Healthcare Professionals Need to Know About the Quality Payment Program? Journal of the American Geriatrics Society, 2017;65(4):674-679. Journal of the American Geriatrics Society can be contacted at: Wiley, 111 River St, Hoboken 07030-5774, NJ, USA. (Wiley-Blackwell - www.wiley.com/; Journal of the American Geriatrics Society - onlinelibrary.wiley.com/journal/10.1111/(ISSN)1532-5415)
Our news journalists report that additional information may be obtained by contacting A.C. Goldstein, Amer Geriatr Soc, New York, NY 10038, United States. Additional authors for this research include P.A. Hollmann, K.T. Unroe and M.L. Malone.
Keywords for this news article include: New York City, New York, United States, North and Central America, Medicare and Medicaid, Health Policy, Medicare, American Geriatrics Society.
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