Proposed Changes to the Medicare Physician Fee Schedule and Quality Payment Program:
What You Need to Know to Protect Your Lab’s Revenue and Preserve Profitability
Dark Daily Webinar – Thursday, July 25 at 1 PM EDT
Among the most hotly anticipated announcements in the laboratory industry come every July, when the CMS releases its proposed Medicare Physician Fee Schedule. The projected rules update rates and policies applicable to Medicare physicians and other professionals under Medicare, and also include updates to Medicare rates and policies under Part B—as well as to the Quality Payment Program, which implements the Merit-Based Incentive Payment System (MIPS) and Alternative Payment Models (APMs).
What do the just-announced proposed changes mean in terms of impact to your lab or pathology practice?
This 90-minute webinar, including an interactive Q&A session, will provide the answers! You’ll come away with a keen understanding of how CMS is adjusting payments for particular services, as well as insights on both how your revenue may be impacted in the immediate future, and what changes you can make to best survive in this new environment—including a sample revenue projection illustrating how lab revenue can potentially be affected by the proposed changes to the MPFS.
You’ll also learn, as we look forward to year four of the QPP/MIPS program, how to fully prepare your lab for CMS to “remove the training wheels” and increase the overall reporting requirements necessary to avoid a Medicare payment penalty for poor performance. Attend and understand the specific steps that will be required in order to remain compliant with the QPP/MIPS program and avoid the potential 9% percent penalty to your revenue.
Attend this program, and our experts will guide you through the following key insights:
- Hear the latest MIPS Program updates for 2020 and the new reporting requirements
- Examine potential pathology-specific changes and what they mean
- Understand proposed changes to the scoring threshold and the associated implications
- Learn about changes to the program’s penalties and bonuses and how to comply
- Be able to assess the potential impact to your lab’s revenue stream for 2020
Who should attend?
- Anyone involved in revenue cycle management for clinical labs or pathology groups
- CFOs and other C-level laboratory executives
- Operations and billing/revenue cycle staff who need to be kept up to date on the latest Medicare changes
- Pathologists and physicians and others with a vested interest in avoiding penalties
Your registration includes:
- A site license to attend the webinar. Invite as many members of your team as you would like!
- A full transcript emailed to you soon after the conference
- The opportunity to pose specific questions, and connect directly with the speakers during the audience Q&A session
The industry shift away from fee-for-service payments and toward value-based reimbursements makes this webinar a must-attend, so register now! For more information, call us at 512-264-7103.
Quality Programs Coordinator
THE DARK REPORT WEBINAR AT A GLANCE
DATE: Thursday, July 25th
TIME: 1 PM EDT; Noon CDT; 10 AM PDT
PLACE: Your computer and/or speakerphone
COST: $195 per site (unlimited attendance per site)
TO REGISTER: Click here or call 512-264-7103
Mick Raich founded Vachette in 2002 to help generate and ensure revenue from independent laboratories, hospital laboratories, healthcare systems, community hospitals, and pathology practices by auditing and restructuring RCM processes from an outside point of view. His 39 years in healthcare has helped him build an intimate understanding of the revenue-cycle process, managed care negotiations, group merger and hospital negotiations, and revenue strategy in the laboratory business. Raich is a nationally recognized speaker on changes in the laboratory revenue-cycle industry and has presented for numerous state societies, universities and industry publications. Vachette has worked with hundreds of clients across the continental United States. Laboratories with annual revenue from $1 million to $300 million use his services.
Quality Programs Coordinator
Alex Mitchell joined Vachette in February 2016 to produce web content based on the latest industry news and trends. Prior to joining Vachette, Alex honed his skills as a writer and communicator while working as a journalist in Kalamazoo, MI. During his time in Kalamazoo, Alex was promoted from intern to staff reporter and earned a Michigan Associated Press Media Editor’s Award for his efforts. Alex also provides in-depth analysis and business intelligence for Vachette’s clients on CMS legislation, including MACRA, MIPS, PAMA and more.ommendations as a result of consistent and outstanding results in a highly competitive environment.