I spent the first part of the morning going over MIPS, which in a nutshell is a program through Medicare that physicians can choose to participate in. It is an incentive-based program that encourages the physicians to not see patients for unnecessary visits. Their performances are measured, and based on the criteria that are given, they are then reimbursed for their services. Though it is technically optional, Medicare will automatically reduce the physicians’ reimbursement by 4% if they choose to not participate. So, in conclusion, there’s really no reason not to.
I then went to the hospital where I attended another meeting, this time again with some very important people. I can’t really recall the specifics, as there was a lot going on at once. I know some of it had to do with transitions in leadership, and some of it I know I can’t discuss. Even as I look at my notes, right now, I’m going, “What???” in my head. Still, it was a highly informative meeting and I enjoyed it. I looked at the practice’s business model, which, while somewhat confusing, actually made pretty good sense. Clearly, the practice works well and has worked well for a long time.
There wasn’t quite as much for me to do today after everything from yesterday, but it was still very exciting!
