A survey conducted by NueMD in 2017 of more than 1,000 healthcare professionals measured how knowledgeable healthcare professionals are about The Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) and what outcomes they expect the new payment model to have on their practice.
The survey revealed both small and large practices don’t know a lot about MACRA and many feel uncertain about its potential impact on healthcare.
Key findings include:
When practices were asked to consider MACRA’s effect on their financial well-being over the next three years, the responses were quite eye-opening:
What does this mean for your practice?
Professionals, who understand MACRA, are increasingly optimistic. The survey discovered that despite knowing they’ll spend more time reporting, respondents who are very familiar with MACRA believe it will ultimately have a positive impact on their practice over the next three years.
Is your practice prepared for the potential increase in expenses associated with MACRA? Talk to Provider Web today and see how we can help.