In post one and post two of this series, we discussed the origins of MACRA and its two key components: MIPS and APMs. In this post we'd like to talk a bit about how to assess the readiness of your current solution. Let's begin by getting the lay of the land...
ASSESSING THE LANDSCAPE
For most providers, the biggest challenge associated with MACRA implementation is the basic data strategy and infrastructure necessary for compliance. Fortunately, the issue is made a bit more manageable by the fact that you don’t have to decide between MIPS and APM to start laying groundwork that will have a far-reaching benefit for your practice beyond just MACRA compliance.
Ultimately, providers will need their patients’ medical cost information at their fingertips in all practice situations so they can make effective decisions to improve outcomes and lower costs overall. Starting this journey now will give you time to build trust in your data and establish the partnerships required to create an effective health neighborhood, underpinned by a new data discipline to succeed under whatever MACRA path you ultimately choose.
The following table serves as a guide to help you understand the foundational components of a modern data infrastructure for healthcare IT and how to assess the readiness of your current solution in response to the impending regulatory changes and evolving patient expectations.
There are a few considerations relative to MACRA compliance in particular. If you’re considering participation in MIPS, here are a few additional things to include in your assessment:
In our next and final installment in this series we will outline an assessment guide and provide a list of capabilities you will need in preparation for MACRA. We will be posting this last installment in a couple of weeks but feel free to access the whole story right now by simply clicking HERE!