Regardless of your opinion on it, the Affordable Care Act (ACA) is on the chopping block. President Donald Trump has made it quite obvious that he is not in agreement with this act but it is unclear what he will do about it exactly. Regardless of that, it is likely that there will be some potential ACA reporting changes to be aware of.
ACA Reporting and Other Potential Changes
Even if president trump completely reveals the ACA, the Meaningful Use (MU) requirements will still remain in place, as will there deadlines. MU is now also known as the Medicare Access and CHIP Reauthorization Act (MACRA) and there are many changes within this that will have an impact on medical practices. Specifically, there are compliance deadlines to be met and significant penalties to be paid in case of non-compliance.
In order to be able to understand all of these requirements, most medical practices will work together with an ACA qualified consultant. That is one of the best ways to make sure that a medical practice has a proper understanding of both ACA reporting guidelines and MACRA reporting guidelines. The problem with getting it wrong is that there are significant penalties associated with it and those should be avoided whenever possible.
The problem is that governance is continuously changing as a result of President Trump’s unusual style. The result of this is that it is becoming increasingly complicated When things become more complicated, it is also more difficult to remain compliant with them. And unfortunately, it is likely that there will be a lot more changes as well. Some of those will be minor, some of those will be huge. This is why it is so important to enlist the services of a professional ACA reporting agency that will ensure the medical practice is at all times compliant, even when rules and regulations once again change.
Finding an ACA Reporting Agency
It is also very important to make sure you find an ACA reporting agency that knows what it is doing. One measure to determine whether they are good or not is to look at the volume and size of their sales. Secondly, you should look for references and find out what other people’s experiences have been. It is also essential that you are given a live demo and that it is clear what the reporting agency will do themselves and what they will further outsource. For instance, data conversion is usually outsourced even further. Training, meanwhile, should be done in house.
Naturally, software functionality is also very important. However, so long as the training is good and it is clear what you will need to do yourself and what the agency will do for you, this functionality is actually of lesser importance than the pointers above. It is simply important that the vendor has experience in your type of medical office and that they can guarantee that they will remain up-to-date with any regulatory changes in ACA reporting.