Large Health Systems Asking Medicare For Relief From Some MACRA Requirements
The Centers for Medicare & Medicaid Services has already announced that physician practices with less than $90,000 in Medicare revenue or fewer than 200 unique Medicare patients per year did not have to comply with the Medicare Access and CHIP Reauthorization Act (MACRA) that set up a new payment formula for doctors. Larger health systems are complaining that they need relief from the burden as well, though.
Modern Healthcare:
Large Health Systems Say They Need MACRA Relief Just As Much As Small Providers
Large health systems say the CMS's efforts to make MACRA less burdensome on small providers leaves them behind and they're suggesting the agency overhaul how the new payment model tracks physician performance to make it easier. Providers expressed the concern in comments to the CMS. The agency asked for that feedback on the interim final rule for the second year of the Medicare Access and CHIP Reauthorization Act. (Dickson 1/4)
In other news from the health industry —
Modern Healthcare:
Hospital Profits Continued Their Rise In 2016
Profits at the more than 4,800 U.S. community hospitals rose 3.8% in 2016, climbing to $76.1 billion, from $73.3 billion a year earlier. The trend follows years of steadily increasing profits. Total net revenue reached $979 billion in 2016—including nursing home results—and expenses were $903 billion, according to the 2018 edition of the American Hospital Association's Hospital Statistics report aggregating hospital financial and utilization trends, which was released Thursday. The annual report includes data on all 4,840 registered community hospitals in the U.S.—159 fewer than in 2012. (Bannow, 1/4)
Modern Healthcare:
Insurers Paid $447 Million In Medical Loss Ratio Rebates For 2016
Health insurers paid nearly $447 million in customer rebates for 2016 under a federal rule requiring payers to spend a minimum percentage of their premium dollars on medical care and quality improvement, the CMS said last week. Those rebates issued under the medical loss ratio provision of the Affordable Care Act went to 3.9 million consumers enrolled in individual and employer-based health insurance coverage for 2016. (Livingston, 1/4)
Bloomberg:
Government, Health Services At Risk From Intel Chip Weakness
Highly regulated sectors, such as government offices and public health institutions, are most at risk of compromise as a result of the security flaw present in modern microprocessors from Intel Corp., Advanced Micro Devices Inc. and other manufacturers, according to security experts. Widespread use of old computers and legacy components means software-based fixes being developed by companies like Microsoft Corp. may slow down already-aging systems. (Lanxon and Kahn, 1/4)
Bloomberg:
Aetna And CVS Were Talking To Others During Takeover Process
CVS Health Corp. and Aetna Inc. were both talking to other potential partners during early discussions that led to their $68 billion merger, according to a regulatory filing Thursday. As late as August, Aetna was in discussions with a “Party X” about a “strategic partnership, business combination or other opportunities.” The mystery company, which isn’t named in the document, told Aetna in October that it wasn’t planning to make a takeover offer. (Tracer and Langreth, 1/4)
