Are you a healthcare provider that is looking to bring the latest technology and efficiencies to your practice? At Medcare MSO, we are helping medical groups achieve performance standards that result in increased practice revenues.
Pay for performance is a term used to describe a health care payment system that rewards health care providers, medical doctors and hospitals when they provide high quality service with minimal cost.
As part of the Health Care Reform Act, the federal government has now been implementing pay for performance in the Medicare program. At this preliminary stage, it is not yet clear how effective the program has been at maintaining and reducing healthcare costs.
There is a new system in place that rewards providers for focusing on preventive care rather than treatment. It will reward doctors for practicing and implementing care treatment that has been proven to improve health outcomes and provides incentives for doing so.
- The biggest challenge in implementing pay for performance is to get a consensus on quality standards. For example, one of the measures under consideration is the minimal time of treatment received by the patient. Observation and care co-ordination is not always dependent upon the service delivery by the provider. Other factors can be the type of facility where the patient is admitted and in what condition the patient was in. Moreover, achieving pay for performance is not possible without the help of a professional billing service like Medcare MSO where our teams work behind the scene and monitor all of your quality measures. We make sure that your practice is in compliance with all of the requirements to ensure you receive the performance incentives.
Medcare MSO is a complete revenue cycle management company that provides EMR, PMS and medical billing services. We are experienced in over 25 medical specialties and institutional practices. We have clients across the U.S., and we strive to provide innovative solutions to your practice.