Apr 9, 2024
Is Patient-Centered Medical Home Recognition Right for Your Practice?
The pursuit of patient-centered care is increasingly crucial in healthcare today. Practices are continually seeking ways to enhance the patient experience, improve outcomes, and streamline care delivery. One avenue gaining prominence in this quest is Patient-Centered Medical Home (PCMH) recognition. But is it the right fit for your practice? Let’s explore what PCMH recognition entails and the considerations to help you make an informed decision.
Understanding Patient-Centered Medical Home (PCMH)
At its core, PCMH is a model of care delivery that emphasizes comprehensive, coordinated, and patient-centered care. Recognized by organizations such as the National Committee for Quality Assurance (NCQA), PCMH recognition signifies a commitment to excellence in primary care.
The key principles of PCMH include:
• Team Based Care
• Whole Person Care
• Accessible Services
• Care Coordination
• Patient Engagement
Is PCMH Recognition Right for Your Practice?
While PCMH offers numerous benefits, it may not be suitable for every practice. It takes a significant commitment to successfully pursue recognition.
Consider these factors when evaluating whether PCMH recognition aligns with your practice’s goals and capabilities:
Commitment to Transformation PCMH requires commitment to transforming your culture and operations. It involves ongoing improvement efforts, staff training, and patient engagement initiatives.
Patient Population Consider whether your patient population would benefit from the comprehensive, coordinated care approach offered by PCMH. Patients with complex medical needs, chronic conditions, or frequent interactions with your organization may derive significant value from PCMH practices.
Financial Considerations Assess the potential financial implications of pursuing PCMH recognition, including initial investment costs, ongoing maintenance expenses, and potential reimbursement incentives from payers.
Alignment with Strategic Goals Evaluate how PCMH recognition aligns with your practice’s strategic goals, mission, and vision. Analyze if it will support your objectives to improve patient satisfaction, enhance care quality, and achieve better health outcomes.
Making an Informed Decision
The decision to pursue PCMH recognition should be based on a thorough assessment of your practice’s readiness, resources, and alignment with patient-centered care principles. A good next step in the process is to engage key stakeholders within your organization (including providers, staff, and patients), in discussions about the potential benefits and challenges of PCMH implementation.
Complete this Brief One Minute Survey to see if PCMH is right for you.
Contact YOUR Experts at the Kentucky REC with your questions and for further information. Call us at 859-323-3090.
Feb 7, 2024
QPP Year 8: FINAL RULE HIGHLIGHTS
Release Date: Wednesday February 21, 2024 @ 12PM ET
Every year, CMS enacts changes to the Quality Payment Program. The CMS 2024 Medicare Physician Fee Schedule (PFS) Final Rule, released in November of 2023, is no exception. Important updates include:
- Finalized 5 new MVPs
- PI Category – expanded the reporting window
- Cost Category – added measures
- Downward adjustments to PFS payment rates
- Expanded SDOH & telehealth services reimbursement
Our Kentucky REC expert advisors are here to share and interpret the most critical updates to MIPS and APM Tracks of the Quality Payment Program. Register and view this on-demand analysis to stay in the know about changes to the program and what they could mean for your practice.
Fill out this brief REGISTRATION FORM to be among the first to receive this webinar recording.
For more information:
CMS Final Rule Press Release
2024 PFS/Quality Payment Program Final Rule
Contact YOUR experts at Kentucky REC with all your QPP, MIPS/MVP, and APM Track questions. We’re here to help: 859-323-3090.
