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Welcome to Best Practices Academy!

Welcome to Best Practices Academy!

Many of you are familiar with our Best Practices Academy seminar series,... Read More

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The New Macra Law and MIPS: Read carefully.

Many of us are familiar with the annual Medicare sustained growth rate discussion that Congress has regarding the provider fee schedule. What most do not realize is that this formula has now been replaced. Why would Congress, in a bipartisan and nearly unanimous vote, replace an existing formula for payment to providers for Medicare? Clearly costs of care have been skyrocketing without the quality of care understood and now pay for performance has finally arrived. For years we have heard of pay for performance, reimbursement based on outcomes, value-based reimbursement, etc. For years we have not seen any substantial progress towards coming up with a way to make this work, but in April 2015, President Obama signed into law the Medicare

Are You Hindering Your Practice and Hurting Your Profession?

Here we are past the mid-point of the second month in 2016. How are you doing in preparing yourself for the huge changes rolling down the Healthcare highway? If you are one of those who though you could withstand the 2% penalty for not reporting PQRS and think you dodged that bullet, because you heard PQRS is ending…You are wrong! Not only is PQRS not ending, it is morphing into a much larger program called MIPS. That stands for Merit-based Incentive Payment System and it is part of the MACRA law that was signed in April 2015. MACRA stands for the Medicare Access and CHIP Reauthorization Act. It replaces the sustainable growth rate (SGR) and is not going away as

Growing Pains?

So as you have all been experiencing in the past few years, healthcare in the U.S. is changing rapidly. The last blog gave a bit of history of those changes. The questions being asked now; are we creating technology that is being resisted and resented that is intended to provide *Better Care, Smarter Spending, and Healthier People? (*That’s the current way to express the Triple Aim.) Or are we just feeling the growing pains of change? We definitely caught a break or you could say the screams of resentment were effective in the passage of the Patient Access and Medicare Protection Act, which brings immediate relief for eligible professionals  that were rushing to try and attest to Stage 2 of

Decide to make 2016 NOT drab. Invest in your practice for great returns.

Investing money has always had an appeal to most of us. The idea of investing a small amount of money in a stock or mutual fund that skyrockets are what dreams are made of. Or are they? Why do we want to hinge our success on someone else’s business? On someone else’s ability to run a successful business in an industry we know little to nothing about? One of the most common mistakes doctors make is the one that causes them to look elsewhere for diamonds. One of my favorite books is “Acres of Diamonds” authored by Russell H Conwell. It is a story about a man who wanted to be rich and have diamonds, so he sold his farm and

Are you ready for 2016?

If any of you read the last blog article, you will fully understand the magnitude of the question: Are you ready for 2016? There are a lot of changes happening in healthcare today, especially as it pertains to how you will be reimbursed. You have heard the warnings that change was evolving from voluntary to mandatory and it is here now. There was a carrot to implement reporting, but those that chose to hope that would just go away are now feeling the stick of the penalties associated with choosing not to do quality reporting. There was a draft published on Friday by CMS for Quality Measure Development Plan outlining how the agency will support the transition to a new Merit-based


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