Healthcare leaders should stay ahead of the juggernaut of information by monitoring CMS’ release of information.
Healthcare in the United States is in the midst of a financial and clinical overhaul driven by new legislation that attempts to improve outcomes and reduce costs. Reinventing our healthcare system across the entire care continuum and getting over 16 million healthcare workers to follow new rules and regulations is about as complicated as putting a man on the moon. Luckily we were successful in that endeavor and we expect to be equally successful implementing healthcare’s sweeping changes.
The passing of MACRA transcends the repealing of the Sustainable Growth Rate formula and signals the government’s continued desire to evolve payment models that incentivize providers to improve patient care, reduce healthcare costs and make a significant step toward an industry-wide value-based payment system.
Phil C. Solomon is the Vice President of Global Services for MiraMed, a global healthcare revenue cycle outsourcing company, and is the publisher of Revenue Cycle News, a healthcare business information blog. Phil has over 25 years’ experience consulting on a broad range of healthcare initiatives for clinical and revenue cycle performance improvement. He has worked with the industry’s largest health systems, developing executable strategies for revenue enhancement, expense reduction and clinical transformation. He can be reached at phil.solomon@miramedgs.com, (404) 849-8065 and also on Twitter @philcsolomon.
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