Value-Based Healthcare and MACRA
It is impossible to pick up any periodical related to healthcare law or policy without seeing multiple articles about the new requirements under the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) taking effect in 2017. This is just the most recent example of the ways in which health care reform has ushered in a paradigm shift toward Value-Based Healthcare, with a focus on reduced costs and improved quality of care grounded in new performance-based payment models. This reform has fostered increased competition between providers and instilled growing uncertainty about the future of fee-for-service reimbursement. While many current patient care and reimbursement models center on independent provider groups and facilities, increasing costs and decreasing reimbursement rates compel the healthcare services delivery model to respond differently to the changing environment. With an eye on accountable care, proactive participation in the Value-Based Healthcare model gives providers and healthcare facilities a viable option for achieving cost savings while increasing both the quality and efficiency of patient care.
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