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Medical Practice Excellence Conference
October 18, 2020 @ 8:00 am - October 21, 2020 @ 12:00 pm
The Medical Practice Excellence Conference is dedicated to empowering learning opportunities for professionals to intentionally, and continuously, develop their leadership skills. Lead the front lines— in service of healing — and march towards the achievement of excellence in patient care and operations. The Medical Practice Excellence Conference is where you will find the right tools, resources, expert solutions, and peer input to address even the most epic of challenges and overcome them.
Total Cost of Care 2.0: The Quality Payment Program and Beyond
Date: October 20, 2020
Time: 11:20 AM – 12:10 PM
Register for conference: MGMA Practice Excellence Conference
Doral Jacobsen, Chief Executive Officer, Prosper Beyond, VBC Inc
Aaron Cohen, Principal and HealthCare Co-practice Leader, Citrin Cooperman
- Outline components of total cost of care and the sources of this data.
- Organize resources and strategies that help manage healthcare costs.
- Breakdown total cost of care data for use in mergers and acquisitions/strategic partnerships, payer contract negotiations, physician compensation methodology and recruiting.
If your practice serves traditional Medicare patients, then you’re participating in the Quality Payment Program (QPP), either on the Merit-based Incentive Payment System (MIPS) track or in an alternative payment model (APM). Of the four categories of MIPS affecting reimbursement, cost is the least understood — and it may represent 30% of a practice’s future MIPS score. Administrators and clinicians need an understanding of total cost of care to build a strategy to actively manage healthcare costs. This session will define total cost of care, including total per-capita cost, Medicare spend per beneficiary and relevant episode-based measures. The speakers will provide examples of data sets, including instructions on how to access and/or request such data. They will provide examples of how practices can interpret and apply this data to managing costs reducing healthcare expenditures and using this information to inform key activities, including mergers and acquisitions/strategic partnerships, payer contracting, network alignment, physician compensation methodology.