Ah reimbursement. In the the busy world of clinical care, physicians often don't know the latest regulatory speak. We are often caught up wondering, sometimes years on, what exactly one acronym or another means when it comes to billing, coding, & new moves by our government. Here, however, is one we want to know. It's called MACRA, and over half of physicians have not heard of this transformative legislation that works as an attempt to budge our healthcare system from fee-for-service toward value based payment. Take a look beneath, click the link, and learn about how this legislation will affect healthcare providers.
After a brief explanation of MACRA for those physicians unfamiliar, however, nearly 8 in 10 said they prefer fee-for-service or salary as compensation compared with risk-bearing, value-based care. What’s more, 58 percent indicated a willingness to be part of a larger organization to diminish individual physician risk or to have access to a full spectrum of resources and capabilities as a result of the need for physicians to bear increased financial risk. And 80 percent expect MACRA to drive physicians to join larger organizations or networks.