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2016 Revenue Cycle Suite Benchmarks Published

In October, the FPSC Revenue Cycle Suite reports were updated with 2016 benchmarks. Benchmarks are available on a variety of measures, including net collection rates, timeliness of collections, denial rates, and denial resolutions. The 2016 benchmarks are generated using invoices created in calendar year 2015 and activity on those invoices through the first six months of calendar year 2016.

To learn more, contact Jennifer Jenkins at (312) 775-4216.

FY2016 Billing Office Survey

The FY2016 Billing Office Survey is now open for participation!  The survey offers insights to help faculty physician groups determine how to best manage and allocate resources for professional fee billing and identify opportunities to improve billing and collection performance.  In recent years, the survey has provided insights into billing system adoption and comparative performance of organizations that have recently completed, are in preliminary discussions with billing system vendors, or are in the midst of a billing system transition.  Participating organizations receive a comprehensive report along with trended key performance indicators.

For questions related to the survey, please contact Greg Askin (312-775-4121)

FPSC Training Opportunities

Visit the FPSC Training Calendar to register for upcoming virtual training opportunities.  We are pleased to offer these sessions as a way for new users to learn more about the FPSC and for established users to get a refresher on what the FPSC has to offer.

These sessions will be offered on a monthly basis and will focus on:

    • FPSC General Overview
    • Clinical Activity Suite
    • Revenue Cycle Suite

If you have questions about training, please contact FPSC Support.

 

MACRA Overview Available

Please use the links below to access the recordings of the FPSC’s recent MACRA Overview webcast.

Merit-Based Incentive Payment System Proposed Rule CY 2016 (recording)
Merit-Based Incentive Payment System Proposed Rule CY 2016 (presentation)

MACRA: Alternative Payment Models Proposed Rule CY 2016 (recording)
MACRA: Alternative Payment Models Proposed Rule CY 2016 (presentation)

The Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) proposed rule was released on April 27, 2016, establishing a new Medicare payment system for physicians – the Merit-Based Incentive Payment System (MIPS). MACRA also incentivizes participation in certain alternative payment models (APMs).

CMS will release the MACRA final rule later this Fall with changes officially going into effect January 1, 2017.  Medicare payment will not be impacted by MACRA until January 1, 2019.

If you have questions regarding MACRA or either of the overview webcast recordings, please contact Jake Langley.

2016 Benchmarks

Benchmark values in the FPSC Productivity Summary, Clinical Fingerprint, E&M Distribution, New Patient Visit Ratio and Charge Lag reports are in the process of being developed.  

Annual 2015 QRUR Reports Released

The 2015 QRUR reports were released by CMS on September 26, 2016.  The reports can be accessed on the CMS Enterprise Portal at https://portal.cms.gov using an Enterprise Identify Management (EIDM) account with the correct role.  See the How to Obtain a QRUR Page for instructions on how to set up an EIDM account and access your TIN’s QRUR. Information about the QRURs is available on the 2015 QRUR website.  For questions, please contact Jake Langley or Kathy Yue.   

FPSC Annual Conference 2016

DOING WELL BY DOING GOOD

Thanks to all who attended this year's FPSC Annual Conference at the InterContinental Hotel in downtown Chicago.  Attendees from around the country gathered to hear from national health care leaders and fellow members on strategies to optimize performance in a healthcare world still dominated by volume-based reimbursement while simultaneously positioning themselves for success in a value-based future-state environment. This year’s Annual Conference featured an exciting agenda packed with fantastic keynotes, focus track sessions on practice, revenue cycle, and quality and efficiency management, as well as ample professional and pre-conference social networking activities.  To access meeting materials, please click on the materials link below.  For questions, please contact Jeff Lerman.

We look forward to seeing you next year at the 2017 FPSC Annual Conference!  More information on the 2017 Conference will be available later this year.

Access the Q&E Module Collaboration Site here.

CY 2016 Medicare Physician Fee Schedule Final Rule Webinar

AAMC and Vizient staff hosted a web conference on December 3rd to help faculty practice organizations understand the impact of the CY 2016 Medicare Physician Fee Schedule and to better prepare organizations as Medicare starts implementing the pay-for-performance programs. A PDF version of the presentation is available below. For questions related to the physician payment provisions, please contact Dave Troland. For questions about quality related provisions, please contact Jake Langley or Kathy Yue.

Innovations to Improve Health Care Coordination

Vizient and AAMC are partnering with five academic medical centers across the country on an initiative to improve health care coordination between primary care physicians and specialty physicians. The $7 million project is being funded by the Center for Medicare and Medicaid Innovation (CMMI) to evaluate the impact of implementation of a consultation and referral platform that is integrated into the electronic health record. To learn more, please visit the Vizient, AAMC, or CMS websites.

The New Quality & Efficiency Module

Nearly 50 groups have already signed up for the new module, is your group one of them?

The Vizient-AAMC Faculty Practice Solutions Center is pleased to offer a new module to help inform and support member initiatives to improve the cost, efficiency and quality of patient care.

Features of the New FPSC Quality & Efficiency Module:

Reports & Comparative Data Improvement Toolkits & Networking Opportunities
Robust comparative data on specific CMS quality, cost and outcome measures by GPRO reporting type Automatic enrollment in focused learning collaboratives that provide guidelines ad toolkits to help improve performance
Comparison of quality tiering scores by GPRO reporting type Member case studies on successful practices
Additional dynamic, detailed reports with comparative data to further help members assess performance Expanded networking opportunities including Webinars and symposiums
Staff who can help interpret your QRUR report and provide ad hoc custom analyses Staff who can serve as liaisons to help facilitate questions and share feedback directly from CMS on your behalf

Please note, the only additional data needed to participate in this module can be pulled directly from your CMS Quality and Resource Use Reports.

To learn more about the Quality & Efficiency Module please contact Jake Langley at 312-775-4239.

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