Urogyn Practice Management Course 2017-Alphabet MACRAroni (1)

Video Transcription

Video Summary

In this video, Bob Flora, Chief Academic Officer and Vice President of Academic Affairs at McLaren Healthcare, discusses the Medicare payment program and its impact on healthcare providers. He begins by explaining what Medicare is, a federal health insurance program for individuals who are 65 years or older, have certain disabilities, or have end-stage renal disease. Flora then provides a brief history of Medicare, discussing its creation and growth over the years. He emphasizes that Medicare accounts for a significant portion of healthcare spending and explains the need for cost containment as the population ages and life expectancies increase.<br /><br />Flora introduces the Medicare Access and CHIP Reauthorization Act (MACRA) as a way to transition from fee-for-service to fee-for-value healthcare delivery. He explains that MACRA includes the Quality Payment Program (QPP), which consists of two payment tracks: the Merit-Based Incentive Payment System (MIPS) and Alternative Payment Models (APMs). Flora outlines the goals of MACRA and the components of the QPP, including quality measures, improvement activities, advancing care information, and cost.<br /><br />He also highlights some key acronyms and terminology related to MACRA, such as MIPS and APMs, and emphasizes the need for healthcare providers to understand and adapt to these changes. Flora concludes by noting that MACRA and QPP are distinct concepts and that healthcare providers will have to navigate the new payment system and continuously improve their practice to succeed in the evolving healthcare landscape.

Meta Tag

Category practice management

Session 189667a

Keywords

Medicare payment program

healthcare providers

MACRA

QPP

fee-for-service

fee-for-value