70% of medical groups ‘concerned,’ ‘totally freaked out’ over MACRA: 5 key points

An Advisory Board survey showed many medical groups are still apprehensive over CMS’ Medicare Access and CHIP Reauthorization Act of 2015.

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For the survey, the Advisory Board polled 30 employed medical groups.

Here are five key points:

1. Of those polled, 70 percent reported being “concerned” or “totally freaked out” over MACRA.

2. Twenty percent said they were confident in their MACRA preparation. Only 10 percent reported feeling “ambivalent.”

3. Seventy-percent of respondents expect to participate in CMS’ Merit-Based Incentive Payment System, while 25 percent believe they will participate in alternative payment models.

4. For medical groups saying they would likely partake in MIPS, 50 percent said they will be ready enough to report date for the full 2017 calendar year.

5. More than half of respondents (58 percent) said MACRA was the driver behind consolidation in their markets.

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4 tips to accelerate ASC reimbursements and maximize revenue

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