35
New Challenges Facing Practices Presenter: Ken Edwards Live Webinar The Bumpy Road Ahead

The Bumpy Road Ahead New Challenges Facing Practices

  • Upload
    curemd

  • View
    634

  • Download
    2

Embed Size (px)

Citation preview

Page 1: The Bumpy Road Ahead New Challenges Facing Practices

New Challenges Facing Practices

Presenter: Ken Edwards

Live Webinar

The Bumpy Road Ahead

Page 2: The Bumpy Road Ahead New Challenges Facing Practices

“We often miss opportunity because it's dressed in overalls and looks like work”

-Thomas A. Edison

Page 3: The Bumpy Road Ahead New Challenges Facing Practices

03

Our Goals for Today

Opportunities and challenges in 2016Impact on your practice Actionable advice that informs, supports, & enhances your organizational needs

Page 4: The Bumpy Road Ahead New Challenges Facing Practices

What Lies Ahead

04

What “Big Three” will mean for us

ICD-10 honeymoon period ends in six months

Staying on the front lines of data security to avoid the front page of the news

At a crossroad: Choosing a path for reimbursement

Page 5: The Bumpy Road Ahead New Challenges Facing Practices

Polling Question

05

Q1. MACRA is an acronym for:

a. Medicare Administrative Control Review Act

b. Medicare Access & CHIP Reauthorization Act

c. Multiple Access Care Recovery Act

Page 6: The Bumpy Road Ahead New Challenges Facing Practices

06

Choosing a Path for ReimbursementAt a Crossroad

Page 7: The Bumpy Road Ahead New Challenges Facing Practices

{ { {

MACRA Timeline

07

For the years 2015 - 2019 physicians will receive a 0.5% annual medicare base reimbursement rate increase

From 2020 - 2025 the medicare reimbursement rate is frozen with two tracks for physician payment{ {Older

IncentivesMU, PQRS and VBPM sunset at

the end of 2018

Medicare PhysicianFee Schedule (MPFS)

APM lump sum for MSSP ACO or PCMH

MIPS fee adjustments, creditfor ACO, PCMH, based on quality, resource use, practice improvement, Meaningful Use

+.5% annual increase starting July 2015

0% changes

5% of MPFS

+.75% for physicians in APM, +.25% for others

Look back?

Look back?

4% of MPFS 2019, 5% 2020, 7% 2021,

9% 2022 and forward plus up to a 10% bonus for achieving 25th percentile

* Secretary of Health and Humans Services defines' performance periods'. Historically Medicare uses a two-years look back period for claim adjustments.

{2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 .......

-----

-----------

Page 8: The Bumpy Road Ahead New Challenges Facing Practices

Common Questions

08

Why think about a program beginning in 2019?

Do I have to participate?

What decisions do I need to make?

How do I participate?

Page 9: The Bumpy Road Ahead New Challenges Facing Practices

09

Why 2016 is Important

Starting 2017, Medicare Part B providers will fall under

MIPS An Alternative Payment Model (Qualifying APM Participant)

Under both MIPS &an APM

2017 will be the �rst year to report quality measures that will a�ect payment under MIPS in 2019. If you are not already reporting, it is important to start now.

Page 10: The Bumpy Road Ahead New Challenges Facing Practices

10

Starting Jan 1st, 2017, most physicians will automatically fall under MIPS unless they participate in a risk-sharing APM

MIPS is basically an expansion of VBM :

1. Funds will be taken from the worst performing [as penalty] and given to the best performing [as incentives]

2. MIPS scores will be published publically, allowing patients to compare providers with their peers across the nation

3. MIPS Score Breakdown: 85% (MU + PQRS + VBM Quality + VBM Cost) +15 % (Clinical Practice Improvement - New Quality Program)

4. Every MIPS point counts because CMS will take the median MIPS score and grade on a curve

5. MIPS increases and consolidates �nancial impact of quality programs, possible 27% in incentives and 9% in penalties

A revamp of Medicare’s fee-for-service payment system

Eligible professionals can also participate as group entities

Merit-Based Incentive Payment System

The default direction

Beginning in 2021, the Centers for Medicare and Medicaid Services (CMS) has the discretion to include additional eligible professionals

Page 11: The Bumpy Road Ahead New Challenges Facing Practices

11

Exemptions

Note: MIPS does not apply to hospitals or facilities

Providers who do not meet the “low volume threshold”

Medicare Shared Savings Program Accountable Care Organization providers & other participants in alternative payment models

First year Medicare providers

Page 12: The Bumpy Road Ahead New Challenges Facing Practices

Negative AdjustmentPositive Adjustment

12

Reimbursements under MIPS(Lowest risk and lowest incentives)

Page 13: The Bumpy Road Ahead New Challenges Facing Practices

13

If you are categorized as a Qualifying APM Participant (QP) in 2019 :

Alternative Payment Model (APM)

Not be subject to MIPS

Receive 5% lump sum bonus payments for years 2019-2024

Receive a higher fee schedule update for 2026 and onward

A Qualifying APM Participant is one who receives a certain percentage of patients or reimbursements from an eligible APM.

An eligible APM requires use of

risk for monetary losses or2. Be a medical home model expanded under CMMI authority

If you are a member of an APM but receive less than 25% of medicare payments through an APM, you will qualify for MIPS and receive favorable scoring under the MIPS clinical practice improvement activities performance category In future years, the percentages increase, and the type of payer arrangement to meet thresholds expands

MIPS only

MIPS adjustment

APMs eligible APMs

rewards+

MIPSadjustment

eligible

rewards+

5% lump sumbonus

Incentives are much larger than FFS, but so are risks

Page 14: The Bumpy Road Ahead New Challenges Facing Practices

Alternative Payment Model (APM)

14

Am I an APM?

Am I an eligible APM? Is this my first year in Medicare OR am I below the low-volume threshold?

Do I have enough payments or through my eligible APM?

APM, even if you don’t become a QP

Yes No

No Yes

Yes NoNoYes

5% lump sum bonus paymentHigher fee schedule updates 2026+APM- specific rewardsExcluded from MIPS

Subject to MIPSFavorable MIPS Scoring APM specific Rewards

Not subject to MIPS

Subject to MIPS

Page 15: The Bumpy Road Ahead New Challenges Facing Practices

15

Current APMs include 1. Medicare Shared Savings Program MSSP- ACOs 2. Bundled Payments3. Capitation

CMS sets cost benchmark and shares savings and/or losses with ACO based on quality score

ACO Track 1 (if there are savings, ACO gets an incentive, no losses), Tracks 2&3 (savings and losses both a�ect ACO)

Next Gen ACO Program is exclusively risk based (savings and losses both a�ect ACO)

New cost benchmarking. Target will be regionalized & given at the start of the program

Patients get to choose which ACO they want to be a part of

Current APMs do not qualify as eligible APMs as there is no risk sharing

November 1, 2016 is the statutory deadline for rulemaking on de�ning physician-centric APMs

What are Alternative Payment Models?

Page 16: The Bumpy Road Ahead New Challenges Facing Practices

16

Risk and $$ Impact

MIPS Lowest risk & lowest

incentives

MSSP ACOsMedium risk & medium

incentives

Next Gen ACO Highest risk & highest

incentives

MIPS brings more penalties and incentives for performance in quality programs.

You must start participating & improving processes now as smaller practices can

ill-a�ord to lose 9% of their Medicare reimbursement

APMs, at least in their current form, require heavy investments and struggle to

match fee-for-service reimbursement

Specialties dominated by Medicare patients, e.g. House Call practices have the

highest upside and downside potential

Practices/Providers in the top 25% will receive an extra 5% in incentives so there is

an upside to scoring better than most

Page 17: The Bumpy Road Ahead New Challenges Facing Practices

17

How to Prepare your Practice

Some practices have ignored MU and PQRS and may face automatic maximum penalties, so there

is no choice but to participate in both Quality Programs

Other practices have ignored MU and PQRS since Medicare isn't their dominant payer but chances are

high that private payers will follow suit and implement similar payment reform

Identify clinical quality measures where you can score the best. Check measures against crosswalks of

other quality program initiatives from which you may also bene�t (best way to maximize e�ciency

and performance levels)

MIPS

Page 18: The Bumpy Road Ahead New Challenges Facing Practices

18

How to Prepare Your Practice

Target the low hanging fruit

-

ing ED visits, and 30 day hospital readmissions

Start a top 10 list

Use your EHR and billing system to keep a track of your top ten diagnoses and the cost associated with those

CPT codes. You need to know how much money you are saving payers by keeping patients out of emergency

departments and expensive surgeries

Get help from Hospitals

When you have patients admitted in the hospital keep a record of the length of their stay, whether they went

through the emergency department, and any readmissions. Hospitals will share this information, all you need

to do is ask

APMs

Page 19: The Bumpy Road Ahead New Challenges Facing Practices

19

Ask your Payers to give you an annual report card

This lets you know how you stand compared with your peers. If you are doing a good job in helping

payers save money then you deserve to be compensated. Many payers recognize that, while others

are so ingrained with the idea that physicians have no spine and will not terminate contract

Join a Practice Transformation Network

PTNs are peer-based learning networks designed to coach, mentor, and assist clinicians in developing core

Practices Initiativ

Transforming Clinical

e

How to Prepare Your Practice

Remember negotiating with payers will be an essential part for your success.

Page 20: The Bumpy Road Ahead New Challenges Facing Practices

Polling Question

Q2. Payment adjustments in 2019 will be madeaccording to a provider’s performance

starting in calendar year

a. 2019

b. 2016

c. 2017

20

Page 21: The Bumpy Road Ahead New Challenges Facing Practices

21

What “Big Three” will Mean for Us

Page 22: The Bumpy Road Ahead New Challenges Facing Practices

22

What “Big Three” will Mean for Us

Market consolidation dominated the insurance industry last year, and all signs suggest that this trend toward

consolidation will continue

If the deals pass regulatory scrutiny unscathed, three major players will dominate the insurance market by 2017:

United, Anthem, and Aetna

What’s this got to do with you?

delivering what consumers value — greater access, improved outcomes, and lower costs

Diminished negotiating power

More of your income and clinical autonomy will be subject to the coverage and denial

policies and procedures of the “Big Three”

Narrow panels may replace open networks

Reduced ability to compete from a negotiation perspective

What Should You Do?Monitor 3 Ps : Payments, Payers & Peers

.

Page 23: The Bumpy Road Ahead New Challenges Facing Practices

23

Ends in 6 Months

ICD-10 Honeymoon Period

Page 24: The Bumpy Road Ahead New Challenges Facing Practices

24

Family of code will no longer be good enough. Claims may be rejected and penalties enforced

clinical documentation.

Conduct internal audits on the 30 most

commonly used codes or clinical scenarios

from your largest payers. Look at the codes that have been

successfully adjudicated and see what level of

documentation and granularity was submitted

Re-educate yourself. Re-visit ICD-10 conventions and

fundamentals for coding and documentation with CureMD

Physician Training program

Hub

Specialty

What should practices do in the next six months?

Page 25: The Bumpy Road Ahead New Challenges Facing Practices

25

Episode of care (initial, subsequent, sequella)

Acuity of disease (mild, moderate, severe, acute, chronic, acute on chronic)

Laterality (right, left, bilateral)

Type and cause of a condition, disease, or disorder (for example, expected acute blood loss

anemia after surgery for a gunshot wound to the liver)

Underlying condition (such as essential hypertension, uncontrolled type 1 diabetes)

Manifestation of disease (such as sepsis due to perforated appendicitis)

Linking of diagnosis (for example, diabetic nephropathy, peripheral vascular disease due to

smoking, renal calculi due to hypercalcemia from primary hyperparathyroidism, and so on)

Causal organism (identi�cation of the infectious organism)

Relationship of drug, tobacco, and alcohol to disease and documentation of use, abuse, or dependence

Support medical necessity with physical �ndings, labs, or radiologic �ndings. For example, as indicated by

a mass seen in the right upper lobe on computed tomography scan, a thoracotomy and right lung

resection will be performed

Clinical Documentation Support & Training

Clinical documentation must prove medical necessity

Page 26: The Bumpy Road Ahead New Challenges Facing Practices

26

If your current ICD-10 solution relies exclusively on GEMS mapping, your system will fail later this year.GEMS alone does not work

Here are things to look out for:

Is Your Billing System Apt?

Your coding system must take into account that it is natural for physicians to use common terms or abbreviations

to describe a clinical condition. Some examples of abbreviations include CHF for Congestive Heart Failure or HTN

for Hypertension. Your system must be able to map the common term to the ICD-10 terms.

Search by abbreviations or common terms

Page 27: The Bumpy Road Ahead New Challenges Facing Practices

Polling Question

Q3.How many codes are being added to ICD-10 come October?

a. 50b. 500c. 5000+

27

Page 28: The Bumpy Road Ahead New Challenges Facing Practices

28

to Avoid the Front Page of the NewsStaying on the Front Lines of Data Security

Page 29: The Bumpy Road Ahead New Challenges Facing Practices

29

2016: Year of Ransomware

Malicious software infects a computer & restricts user access to data until money is paid

Both individuals and organizations are targeted

Amount demanded is increasing. Criminals are singling out small businesses

Access to your data is denied with intimidating messages

Attacks have led US and Canada to issue a joint

Ransomware alert on March 31, 2016

PC, macs, Linux computer, and mobile devices

Page 30: The Bumpy Road Ahead New Challenges Facing Practices

30

2016: Year of Ransomware

“Your computer has been infected

with a virus. Click here to resolve

the issue.”

“All �les on your computer have been

encrypted. You must pay this ransom

within 72 hours to regain access to

your data.”

Paying the ransom does not guarantee the encrypted �les will be released; it only guarantees that the malicious

actors receive the victim’s money and, in some cases, their banking information. In addition, decrypting �les does

not mean the malware infection itself has been removed.

Access to your data is denied with intimidating messages

“Your computer was used to visit

websites with illegal content. To

unlock your computer, you must pay

a $100 �ne.”

Page 31: The Bumpy Road Ahead New Challenges Facing Practices

Employ a data backup and recovery plan

Backups should be stored o�ine

Use application whitelisting

Keep OS and software up-to-date with the latest patches

Maintain up-to-date anti-virus software and �rewalls

Restrict users’ ability (permissions) to install and run

unwanted software applications

Enforce password complexity, password expiration, and

lockout policies

Apply the principle of “Least Privilege” to all systems &

services

Validate the origin of an email before it is delivered to

the intended recipient

Block ads to avoid Malvertising

Do not follow unsolicited web links in emails

User education

Invest in cyber liability insurance

31

How Does it Spread?

Prevention is the Best Strategy

Phishingemails

Drive-bydownloading

Web-based instant messaging applications

Can also spreado�ine

Text supporttrickery

Page 32: The Bumpy Road Ahead New Challenges Facing Practices

32

April 18th is Tax Day in 2016, not April 15th

Bonus: Taxes!

You still have a chance to claim a $25,000 expense write off if you purchased

your EHR last year

Even if you are only in the early stages of implementing your EHR, you can

still claim this deduction, as well as a deduction for the full cost of peripheral

equipment like scanners and printers via Sec 179 depreciation

https://www.irs.gov/taxtopics/tc301.html

Page 33: The Bumpy Road Ahead New Challenges Facing Practices

Session

QA&

Page 34: The Bumpy Road Ahead New Challenges Facing Practices

Request a demo to see how CureMD can

facilitate your practice

Get in touch with our experts

at 212 852 0279 ext 389

[email protected]

Need Help?

Page 35: The Bumpy Road Ahead New Challenges Facing Practices

32

Thank you!Look out for our email, containing the webinar

recording!

The Bumpy Road Ahead: New Challenges Facing Practices