Payment Reform and Quality Reporting Under MACRA
As a benefit to APA members, the APA has launched a Payment Reform website and a new CME webinar series to assist members in preparing for the major payment changes going into effect for 2017, as a result of the Medicare Access and CHIP Reauthorization Act (MACRA). MACRA changes the way psychiatrists and other physicians working with Medicare patients will be paid. Some reporting requirements begin as early as January 1, 2017. MACRA permanently repealed the Medicare SGR formula and set in motion entirely new programs for quality reporting and new payment models. Over 23,000 psychiatrists currently see Medicare patients. These new MACRA programs are also widely expected to have a ripple effect and spur similar efforts by many other payers.