Avoid the Fear with These Simple Tips
As Halloween approaches, we know that the end of the year is also near. This year is the first of mandatory compliance to avoid penalties in 2019. Many practices and clinicians were under the impression that this year was still part of the grace period, and are panicking to learn that this isn’t so. As a result, we keep hearing the question, “Is it too late?”.
The answer is no. Just ask the Medical Group Management Association and their professionals. Their Associate Director of Governmental Affairs, Suzanne Faulk, was recently interviewed, during which she gave a few simple tips on how you can comply before it’s too late.
To paraphrase her advice:
- Research quality care initiatives and find a few on which you can easily report for a few of your patients.
- Gather that patient care information
- Submit it through your medical claims.
You can read the full article here.
Suzanne explains that there are some quality care initiatives whose criteria differs across the country, so you want to be sure to research and find those with which you can comply. The bare minimum to comply this year is reporting on one patient, for one episode of care. Suzanne suggested going above this bare minimum just to make sure there are no surprises in 2019. She also goes beyond saving you the 4% negative payment adjustment in 2019 to save you money with her last piece of advice. There are different methods of submitting this patient care information to CMS, but many of them cost money. Submitting the information through your medical claims, does not.
The experts in medical billing and consulting from Main Street Medical wholeheartedly agree with the MGMA’s advice. Our billing and consulting team works daily with our clients to make sure that patient and billing data is tracked, organized and readily available for reporting. By partnering with a professional services provider, you can make the task of reporting to CMS in compliance with MACRA faster, easier and safer.
The experts at Main Street Medical Consulting have stated that “It is imperative, that practices do not wait to act on gathering information for MIPS reporting. Avoiding the deadlines is easy if you put in the work ahead of time. This is one task that you can accomplish now, to avoid big headaches in 2019.”
Our staff is able to guide your practice through this confusing time, while the legislation is still being implemented, through our wide array of tools and knowledgeable consulting and support team
Not currently a Main Street Medical Consulting client? Give us a call and let’s talk about your practice and your individual needs before it’s too late.