A joint report from KPMG and the American Medical Association claimed less than one out of four physicians are "well prepared" for the Medicare Access and CHIP Reauthorization Act of 2015, HITConsultant.net reports.
The organizations based their findings on a survey of 1,000 physicians and their MACRA preparations.
Here's what you should know:
1. Approximately one third of respondents are "unlikely to meet the basic standard of one patient, one measure, one penalty."
2. Of all respondents, 51 percent were somewhat knowledgeable about MACRA or the Quality Payment Program.
3. Eight percent of physicians said they were "deeply knowledgeable."
4. Forty-one percent knew what MACRA or QPP were but were not knowledgeable.
5. Seventy percent of respondents have begun preparations for the QPP.
6. The most significant challenge the physicians were preparing for was finding the time required to report.
7. Respondents believe meaningful use and similar programs contibuted continued to physician readiness.
More articles on coding, billing and collections:
3 things ASCs can do to increase out-of-network reimbursement
CBO: Physicians charge commercial payers higher prices than government — 5 key notes
Pain management in 2017: Tips for thriving despite the challenges