Gregory N. Nicola, MD – Committee Chair Appointment
The Commission on Economics has known for years that a transition from volume- to value-based payment is inevitable. As early as 2001, “Crossing the Quality Chasm: A New Health System for the 21st Century,” a report published by the Institute of Medicine, called for “aligning payment policies with quality improvement” and “bundled payments for priority conditions.”
There have been a number of policies moving toward this goal, but changes have been implemented relatively piecemeal. Accordingly, the Commission on Economics has taken action and made recommendations that were largely predictive of what may be required of radiology in the future. Under the visionary leadership of our past chair, Geraldine B. McGinty, MD, MBA, FACR, we created the Value-Based Payments Committee, the ACO Committee, the Radiology Integrated Care Network, and, more recently, the Merit-Based Incentive Payment System (MIPS) Workgroup.
The New MACRA Committee
The Commission on Economics goes into operational mode as it approaches new payment models.Read the full article