Physicians aren’t ready for Quality Payment Program
A recent survey of 1,000 physicians found that most respondents are not ready for the Quality Payment Program.
The survey, conducted by the American Medical Association and KPMG, shows that respondents give mixed views on their comfort level with the program, the proposed rules of which were recently released for review by the industry.
Physicians this year are measuring and reporting certain quality measures while also demonstrating proficient use of electronic health records in the MIPS program that is part of MACRA. Physicians can achieve extra points and thus receive higher reimbursement rates beginning in 2019.
Rather than entering the MIPS program, physicians can be part of an Advanced Alternative Payment Model, which will require them to take on risk and receive a 5 percent bonus for meeting certain thresholds that reward doctors for delivering high-quality and cost-efficient care.
In the AMA survey, 70 percent of respondents report they have started preparations to meet QPP requirements, and about 90 percent of those believe they will meet the 2017 reporting requirements.
However, the survey found that only 51 percent were somewhat knowledgeable about MACRA and the Quality Payment Program, and only 8 percent reported that they were very knowledgeable about QPP.
Prior reporting experience through the PQRS and EHR meaningful use programs appears to have contributed to readiness for QPP, survey results indicated. However, only one in four physicians say they are well-prepared for QPP.
“However, even those who feel prepared don’t fully understand the financial ramifications of the program,” according to the AMA and KPMG, which conducted the study for the AMA. “In short, they may be prepared to ‘check the box’ of reporting requirements but they lack the long-term strategic financial vision to succeed in 2018 and beyond.” Survey findings are available here.