Elation CEO talks MACRA technology, APMs, and virtual groups October 26, 2016
Elation CEO Kyna Fong was recently featured in two articles highlighting what’s to come for the Medicare Access and CHIP Reauthorization Act of 2015, or MACRA. This comprehensive reform to Medicare is expected to shift medical reimbursement from fee-for-service to value-based, and goes into effect January 1, 2017.
In the first article, published in Becker’s ASC Review, Kyna provided insight on how MACRA will impact independent practices. She explained that despite the new reporting requirements, technology that’s aligned with clinical needs can ease policy burdens and enable physicians to be successful in this new program.
Kyna also highlighted the concept of virtual groups. This concept, still to be fully defined by CMS, would allow individual physicians and small practices to link together during a MIPS performance period in order to pool resources and report together.
Kyna further discussed virtual groups in the Medicare-focused physician publication, Part B News (note: requires paid access). She touched on the implications of joining a virtual group for small independent practices.
Kyna addressed the tendency of primary care physicians to collaborate with specialists and other physicians around patient care. This should enable PCP’s to more effectively demonstrate quality and close the loop on patient care as part of a virtual group. Elation plans to offer functionality to these providers that allows them to dynamically collaborate on patient charts – a key driver of success in the new MACRA reimbursement system.