PRESS RELEASE: MACRA replaces the outdated sustainable growth rate formula in the transition from fee for service reimbursement. Black Book Research crowdsource-surveyed 8,845 physician practices from February through April 2017.
1. The Market for MIPS Compliance Technology is Booming
77% of physician practices with 3 or more clinicians seek to buy Merit-Based Incentive Payment System Compliance Technology Solutions by Q4. “Given the magnitude of the changes, the hunt is on for the best MIPS incentive enablement resources,” said Doug Brown, Managing Partner of the survey organization Black Book Research. However, 92% of respondents were not aware of any branded technologies from vendors that support all MIPS registry measures for 2017 reporting besides their EHR.
89% said the primary reason for acquiring MIPS support software was not quality measurement, but because they can’t decipher their MACRA earning potential.
“Finding one stop solutions shop for MIPS support is becoming easier with quality measure monitoring dashboards and enterprise analytics vendors,” said Brown.
SPH Analytics scored highest in the survey of current MACRA supportive technologies in the Black Book poll of provider organizations currently collecting 2017 data sets. MIPS support technology users also identified Viewics, IBM Watson Health, Caradigm, Health Catalyst, SA Ignite, Care Cloud, Optum, Mingle Analytics, Equation Health (nThrive), Meridian Precision BI, Modernizing Medicine, DocsInk, Medeanalytics, Ingenious Med, Lightbeam, MIPSWizard and XCare in the survey process.
For more information, please find the full release here or at SPH Analytics.
This was also covered by Healthcare Finance News.