Many physicians hope HHS Sec. Tom Price, MD, will help small practices benefit from potential changes to MACRA, according to a report by The Hill.
Here are six things to know:
1. Physicians specifically hope the changes ease their reporting burden and help them adopt advanced alternative payment models.
2. Only 10 percent of physicians are expected to partake in APMs this year, with the rest presumably remaining in the lower-risk but less rewarding Merit-Based Incentive Payment System.
3. Physicians feel reporting requirements reduce the time they are able to spend with patients.
4. Sec. Price is expected to extend former CMS Administrator Andy Slavitt's flexible reporting requirements.
5. A recent Deloitte survey found half of physicians haven't ever heard of the new payment law, according to The Hill.
6. AMGA Vice President of Public Policy Chet Speed believes Sec. Price's career as a small practice physician will likely keep him from increasing participation requirements.
American Academy of Family Physicians President John Meigs Jr., said, "We need relief from the regulatory hassle and administrative burden of current regulations…This burden is interfering with patient care and is a major contributor to the rise in physician burnout and lack of resiliency."
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