Fact Sheet on Policy/Regulation Reauthorization of Medicare Access and CHIP Act (MACRA)

Fact Sheet on Policy/Regulation Reauthorization of Medicare Access and CHIP Act (MACRA)

Fact Sheet on Policy/Regulation

Reauthorization of Medicare Access and CHIP Act (MACRA)

Explain the policy or rule you choose in basic terms.
The Medicare Access and CHIP Reauthorization Act (MACRA) is a piece of legislation that seeks to change how Medicare pays for healthcare services. The legislation replaces the former payment system with a new performance-based one that focuses on patient outcomes and quality of treatment. HIPAA and MACRA Fact Sheet

Consider the policy or regulation’s influence on system installation.
MACRA’s adoption has had a tremendous influence on the healthcare system. It incentivizes healthcare practitioners to focus on quality treatment and patient outcomes, resulting in better patient care. The legislation also requires using electronic health records (EHRs), which can assist in speeding operations and increase medical information accuracy and accessibility.
 

Examine the policy’s or regulation’s influence on clinical care, patient/provider relations, and workflow.
MACRA substantially influences clinical treatment, patient/provider relations, and workflow. The new performance-based approach forces healthcare practitioners to prioritize quality treatment and patient results, which leads to better patient outcomes. EHRs also aid in improving communication and collaboration between healthcare practitioners and patients, resulting in better patient outcomes. HIPAA and MACRA Fact Sheet