Payment model proposal process for MACRA begins

The Medicare Access and CHIP Reauthorization Act (MACRA) established the Physician-Focused Payment Model Technical Advisory Committee (PTAC) to make recommendations to the Secretary of the Department of Health and Human Services (HHS) on physician-focused payment models (PFPM) —and the PTAC is now preparing to accept proposal submissions.
HHS is required by MACRA to establish criteria for PFPMs and to respond to the recommendations of the PTAC. Individual physicians and stakeholder entities can now profess intent to submit their proposed models to the PTAC for consideration. The PTAC will evaluate whether or not each proposal meets HHS ’ criteria and make recommendations for refinement, further study, testing and implementation of the proposed PFPMs.Submitting your proposal
There are two steps to submitting a proposed PFPM. The first step is to submit a non-binding letter of intent at least 30 days in advance of your full payment model proposal submission —this began Oct. 1.
The second step will be to submit a full proposal for consideration, and the PTAC will begin accepting full proposals on Dec. 1.
Theletter of intent template will guide you to make sure the PTAC has all of the information it needs ahead of your proposal submission. A letter of intent should be two pages or less, single spaced, and include:
Expected participants
Goals of the payment model
A model overview
Implementation strategy
Timeline
For more detailed information on each of these p...

Source: AMA Wire - October 11, 2016 Category: Journals (General) Authors: Timothy Smith Source Type: news