Group practices are just all around dissatisfied with MACRA, according to an MGMA survey of 750 independent practices that focused on regulatory burdens. A few highlights:
- 64 percent believe a reduction in Medicare’s regulatory complexity would enable them to allocate more resources toward patient care.
- 38 percent spent between $10,000 and $40,000 per FTE to comply with federal regulations.
- The QPP tops the respondent list of most burdensome regulatory issues. Lack of interoperability comes in fourth.
- 73 percent believe MIPS does not support their practice’s clinical quality goals.
Acquisitions, Funding, Business, and Stock
Sverica Capital Management buys a majority stake in Women’s Health USA, a 20 year-old, Connecticut-based practice management company specializing in gynecology, obstetrics, and in-vitro fertilization. Women’s Health customers include 550 providers in six states. Nancy Bernstein will stay on as president and COO.
Symptom checker startup Buoy Health raises $6.7 million in a Series A round of funding led by F-Prime Capital Partners, bringing its total raised to $9 million. The Boston-based company was founded in 2014, and has done stints with the Harvard Innovation Laboratory and Healthbox.
Tabula Rasa HealthCare appoints Samira Beckwith (Hope HealthCare Services) to its Board of Directors.
Announcements and Implementations
Vermont Information Technology Leaders, Imprivata, Kno2, the Pharmacy HIT Collaborative, BridgeHead Software, and Hart join the CommonWell Health Alliance. The nonprofit and its 66 members have deployed interoperability services at 5,000 healthcare sites across the country since launching in early 2013.
T-System joins Athenahealth’s More Disruption Please program.
Population health management firm Qualis Health develops an online resource center and help desk to help physicians in Idaho and Washington participate in MACRA’s value-based programs.
Government and Politics
HHS Secretary and self-professed Atlanta Braves fan Tom Price, MD throws out the first pitch at the Washington Nationals home game against the Marlins during HHS night. Rumor – and Twitter – has it he received a somewhat chilly reception.
Several medical associations – including the AMA, Association of Clinicians for the Underserved, and National Association of Community Health Centers – form the Human Diagnosis Alliance in an effort to promote the Human Diagnosis Project. Partner associations will, over the next five years, work to continue development of a Web-based e-consult system for physicians whose safety-net patients are in need of specialist care.