In: Nursing
MACRA Legislation : Medicare Access and CHIP Reauthorization Act.This act was passed in 2015 in United States health care department.This act provides a new idea of reimbursing clinicians.It also provides extended funds Children's health insurance programme that is CHIP.
MACRA eliminates fee for service by replacing it with a new system that provides high level quality patient care.
Sustainable Growth Rate is the maximum amount of growth the company can shoe or sustain with out having any financial growth.
MACRA Legislation ends sustainable growth rate payment method
MACRA replaces the payment system with a new Merit Based Payment System such as Physician Focused Payment Model, Alternate Payments Model along with Physician Fee Schedule.These are the replacements for Sustainable Growth Rate.This actually benefits the physicians who provide care to the patients with Medicare insurance.SGR Formula actually ends all the problems associated with the payments and quality of care by the clinicians and also different payment modes also benefits health care providers.