In accordance to the announcement of Nextech Systems, their full product suite of specialty-focused server- and cloud-based Electronic Medical Record (EMR) and Practice Management (PM) solutions are certified to support 2017 reporting requirements for the Medicare Access and CHIP Reauthorization Act's (MACRA's) Medicare Incentive Payment System (MIPS).
In contrast to other systems that need additional consulting and fees to attest, Nextech's MACRA- and MIPS-ready EMR gives practices with the tools they need to maximize incentives, efficiently keeping those incentive dollars in their pockets. This makes it convenient for Nextech users to start leveraging Nextech for MIPS success.
Existing Nextech consumers can start utilizing the solution to support 2017 MIPS data reporting, which increase or maximizes the incentives earned from the CMS (Centers for Medicare and Medicaid Services). To date, more than 5,500 providers have acquired a combined amount of $61 Million in incentives with Nextech.
Medicare Access and CHIP Reauthorization Act (MACRA) is the legislation that implements the Quality Payment Program (QPP), which contains MIPS and Advanced Alternative Payment Model (APM) tracks. However, the solutions of Nextech are certified for both, the huge majority of specialty practice physicians will report for MIPS in the year of 2017.
MIPS involves 4 categories: Quality, Advancing Care Information (ACI), Cost, and Clinical Practice Improvement Activities (CPIA). The Quality category is significantly a replacement of the Physicians Quality Reporting System (PQRS), which most Nextech users have been victoriously participating in for years. The Medicare EHR Incentive Program has been replaced by ACI, commonly termed as Meaningful Use (MU), for which almost 100% of participating Nextech users successfully attested in the year of 2015. The Cost category, which is deployed on claims data, won’t be counted in the year of 2017. CPIA, the latest category, involves 92 potential activities for attestation, which provides practices flexibility in finding a matching initiative.
Mike Scarbrough, President and CEO of Nextech said, "Nextech's MACRA certification and streamlined reporting features are merely two instances of how we strive to assist our specialty practices maximize productivity, efficiency and revenue. At Nextech, we take the initiative to give our clients with revolutionary tools and creative solutions that assist them to thrive in the face of a complex, rapidly changing regulatory environment."