Phreesia Webinar: What Medical Practices Can Expect in 2018
Date: Wednesday, December 6, 2017 | Time: 1pm ET
Medical practices are facing a dizzying array of changes, from an evolving reimbursement system and an upward trend in patient financial responsibility to a growing focus on care coordination and population health. With so many competing priorities, deciding where to put resources and energy can be a steep challenge.
In Phreesia’s upcoming webinar, “The Inside Scoop: What Practices Can Expect in 2018,” attendees will gather key insights about the trends that are shaping healthcare in the coming year and beyond.
Led by Elizabeth Woodcock, MBA, FACMPE, CPC, a nationally recognized expert on medical practice management, operations and revenue cycle, the webinar will include:
- How to prepare for the second year of MACRA, as well as other policy changes on the horizon
- Best practices for managing increasing patient financial responsibility
- Opportunities for leveraging technology to increase efficiency and profitability
In anticipation of the webinar, Phreesia asked Elizabeth Woodcock a few quick preview questions:
What is one thing you recommend practices do now in order to prepare for 2018?
Elizabeth Woodcock: I would say the number one thing they should do is gather knowledge about the reimbursement landscape; the environment is changing significantly. The current administration is shifting power to the states and reversing the policies of the Obama administration, including bundled payments. Resources are limited, so it’s vital to be paying attention to what’s really important for your patients, your practice and your bottom line.
Do you predict it will become harder or easier to comply with quality reporting programs in 2018?
Elizabeth Woodcock: On the surface, it will be easier. For example, small practices do not have to submit the requirements related to the Advancing Care Information category of MIPS. Sounds great, right? The challenge is that these groups of 15 or fewer clinicians can obtain an exemption, but they don’t get credit so their score will rely more heavily on the other categories: Quality, Cost and Improvement Activities. While some of these changes are supposed to simplify participation in the program, many introduce additional complexity.
Do you predict that patient financial responsibility will continue to increase in the coming year?
Elizabeth Woodcock: Absolutely—in two important areas. First, patients with financial responsibility will have higher out-of-pocket costs in 2018. Furthermore, more patients will join the ranks of financial accountability as employers continue to encourage adoption of consumer-directed plans. We tend to focus on patients, but employers are really driving this train—and the patient-accountability train has definitely left the station!
To learn more about how to manage these challenges and many others, register now!