Have you heard about Patient-Centered Medical Home and Patient-Centered Specialty Practice recognition, but are unsure if it is right for your organization? PCMH and PCSP recognitions are granted by the National Committee for Quality Assurance (NCQA) to practices that provide care that is comprehensive, coordinated, focused on quality, safety, accessibility, and, of course, patient centeredness. There are currently more than 15,000 PCMH and PCSP NCQA recognized practices in the United States. In Kentucky, the Kentucky Regional Extension Center has helped more than 120 practices successfully pursue and receive PCMH/PCSP recognition.
Patient-Centered Medical Home and Patient-Centered Specialty Practice recognitions not only assist practices in providing improved care to their patient population, these recognitions also help practices improve their likelihood of performing well in today’s value-based payment programs. Operating in a PCMH/PCSP model encourages all practice staff to work at the top of their licensure. PCMH/PCSP recognition also helps practices see benefits in cost, quality, patient satisfaction, and expanded access. There are over 90 correlations between MIPS Improvement Activities and PCMH/PCSP. It is possible to receive full credit for MIPS Improvement Activities under the Quality Payment Program as a recognized PCMH/PCSP practice.
While Kentucky payers have yet to implement direct payment incentives, PCMH/PCSP recognition allows a practice to make a strong case with payers for possible discounts on malpractice premiums as well as possible incentives.
If your organization is interested in learning more about PCMH or PCSP recognition please complete this Online Readiness Assessment at no obligation.
For more information about joining the Kentucky REC PCMH/PCSP Cohort, contact our experts at 859-323-3090 or Kentucky REC.