CMS’s Shift to Reimbursing for Value: Understanding the Merit-Based Incentive Payment System

Date: September 15, 2016
Category: Revenue Cycle

As part of its ongoing effort to transition to value-based reimbursement, the Centers for Medicare & Medicaid Services (CMS) secured approval for the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA), which will significantly affect physicians and medical practices. This legislation repealed the Sustainable Growth Rate methodology (replacing it with annual 0.5% rate increases […]

Accomodating More Than 5,500 New ICD-10 Codes

Date: September 13, 2016
Category: Revenue Cycle

It seems the ICD-10 implementation is not quite over for healthcare providers, according to an announcement made by the Centers for Medicare & Medicaid Services (CMS). Given previous delays in the ICD-10 go-live date, what are intended to be regular, more wide-scale updates to the code set (accounting for new procedures, diseases, or technology) have […]