Steve Maylish and Vicki Caiati05.03.18
In 2007, the Institute for Healthcare Improvement developed the Triple Aim: to simultaneously improve patient experience and population health, while also lowering cost per capita. This influenced the 2010 Affordable Care Act (ACA). In 2015, the Medicare Access and CHIP Reauthorization Act (MACRA) was passed and in October 2016, the Centers for Medicare and Medicaid Services (CMS) issued the final rule to implement MACRA. Its intent is to reduce healthcare spending and overall utilization by incentivizing providers to improve quality and outcomes. Today, our healthcare model is in the process of changing from volume based to value based. In 2018, if you’re designing a product with a fee-for-service model in mind, you may be on very thin ice.
Currently, about 30 percent of all healthcare payments in the U.S. are tied to alternative payment models (APMs), according to an Oct. 30, 2017, report from the Health Care Payment Learning & Action Network. In just over five years, APM payments are expected to be close to 80 percent. MACRA and ACA are driving APMs and value-based care. Starting in 2019, MACRA will pay Medicare reimbursement to clin
Currently, about 30 percent of all healthcare payments in the U.S. are tied to alternative payment models (APMs), according to an Oct. 30, 2017, report from the Health Care Payment Learning & Action Network. In just over five years, APM payments are expected to be close to 80 percent. MACRA and ACA are driving APMs and value-based care. Starting in 2019, MACRA will pay Medicare reimbursement to clin
Continue reading this story and get 24/7 access to Medical Product Outsourcing for FREE
Our in-depth coverage includes comprehensive feature articles, industry news, trends, and other developments pertinent to the service provider-OEM relationship. MPO examines the increasingly complex and demanding requirements of managing outsourcing partnerships. From regulatory mandates and manufacturing best practices to market shifts and legal concerns, our website is filled with exclusive content to help device manufacturers and their vendors stay informed. Join Today!
FREE SUBSCRIPTION
