We asked Lance Hebert, Vice President of Medical Group Credentialing and Provider Enrollment at Echo, A HealthStream Company, if there are things physicians should be doing to prepare for implementation of the Quality Payment Program. First, Hebert recommends that practices not delay. “With your Medicare reimbursement at risk based on your participation in the Quality Payment Program this year, it’s critical that you start now. Don’t leave money on the table by failing to prepare.” Hebert offered a few additional recommendations:
The Quality Payment Program will require physicians, hospitals, healthcare organizations, and medical groups to support the heavy burden of data collection and the associated cost necessary to survive in the world of Quality Payment Program reporting. Additionally, this new payment system will most certainly accelerate the shift in hospital-physician relationships. Some physicians, especially solo practitioners and those in smaller groups, may find the stability of hospital employment more appealing. And given the significant incentives to participate in Advanced APMs, there will likely be more pressure to participate in risk-bearing relationships.
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