Payment models that can help you better address patients’ needs

Physicians know there are many types of services that could help patients better manage their health conditions, but these services often aren’t paid for by Medicare and most health plans and can cause financial losses for the physician’s practice. Learn the types of alternative payment models (APM) that can give physicians the ability to offer new and improved services to their patients, thanks to new federal legislation supporting physician-focused payment models. New payment models in the changing health care environment The Medicare Access and CHIP Reauthorization Act (MACRA)—the legislation which repealed the Sustainable Growth Rate formula in 2015—provides incentives and resources to develop APMs that would give physicians the resources and flexibility to deliver care in new and better ways.  It’s important for physicians in every medical specialty to begin working now toward APMs that solve the specific barriers they face in the current payment system. To help them in this effort, the AMA worked with Harold Miller at the Center for Healthcare Quality and Payment Reform, who is a member of the new federal Physician-Focused Payment Model Technical Advisory Committee, to develop the “Guide to Physician-Focused Alternative Payment Models.” Seven payment models that address physician needs No one approach to payment will work for every specialty, for every type of practice or for every type of patient. That’s why the guide describes seven differen...
Source: AMA Wire - Category: Journals (General) Authors: Source Type: news