CHARLOTTE, N.C. — Premier Inc. (NASDAQ: PINC), a leading healthcare improvement company, today released “Planning for MACRAnomics,” a definitive implementation guide to help providers make strategic decisions for success in the Quality Payment Program (QPP) under the Medicare Access and CHIP Reauthorization Act (MACRA).
The guide summarizes the key provisions of the MACRA final rule, issued on Oct. 14, including requirements for participating in Advanced Alternative Payment Models (APMs) and the Merit-based Incentive Payment System (MIPS).
“MACRA will have a strategic and economic effect on clinicians, hospitals and health systems, ultimately accelerating the transition to value-based care and alternative payment,” said Kelly Rakowski, senior vice president of Premier Performance Partners. “With its challenges comes great potential, as many providers are identifying new opportunities to redesign their care models and expand their clinical integration capabilities. Success requires a roadmap to navigate institutions through a deliberate process that considers all the unique variables at play and recommends changes based on provider profiling to optimize performance and reimbursement under the QPP.”
“Planning for MACRAnomics” also includes a comprehensive chapter on financial modeling to help providers understand their financial risk in each track, a decision tree for determining their path, a timeline of key dates to manage deadlines during the transition, and a strategic checklist of business and other considerations that must be answered before the MACRA go-live date of Jan. 1, 2017.
This comprehensive guide is based on lessons learned from Premier’s MACRA roadmap consulting work with dozens of health systems and hundreds of physicians across the country. The process is conducted in four steps: 1) an executive education series on physician payment reform, 2) a financial analysis of strategic opportunities under this new model, 3) a facilitated meeting to review the analysis and determine a strategic path forward, and 4) a workshop to plan implementation of the key components for the selected path.
Premier will formally unveil “Planning for MACRAnomics” today during its Advisor Live webinar, Understanding the MACRA Quality Payment Program and What You Can Do to Prepare, hosted by Danielle Lloyd, MPH, Premier’s vice president of policy and advocacy, and Aisha Pittman, MPH, Premier’s director of quality policy and analysis. The webinar, which will be held from 2-3:30 p.m. EST, is open to the public.