Podcast
Questions and Answers
What is Medicare?
What is Medicare?
What is Medicare?
What is Medicare?
What is Medicare?
What is Medicare?
Which individuals are eligible for Medicare?
Which individuals are eligible for Medicare?
Signup and view all the answers
Which part of Medicare covers hospital insurance?
Which part of Medicare covers hospital insurance?
Signup and view all the answers
What are the four parts of Medicare?
What are the four parts of Medicare?
Signup and view all the answers
Which of the following is NOT a part of Medicare?
Which of the following is NOT a part of Medicare?
Signup and view all the answers
What are the four parts of Medicare?
What are the four parts of Medicare?
Signup and view all the answers
What is the Diagnostic Related Group (DRG) system?
What is the Diagnostic Related Group (DRG) system?
Signup and view all the answers
What system replaced cost-plus reimbursement for hospital services under Medicare Part A?
What system replaced cost-plus reimbursement for hospital services under Medicare Part A?
Signup and view all the answers
What was the initial basis for hospital reimbursement under Medicare Part A?
What was the initial basis for hospital reimbursement under Medicare Part A?
Signup and view all the answers
What was the initial basis for hospital reimbursement under Medicare Part A?
What was the initial basis for hospital reimbursement under Medicare Part A?
Signup and view all the answers
What is the Resource-Based Relative Value Scale (RBRVS)?
What is the Resource-Based Relative Value Scale (RBRVS)?
Signup and view all the answers
When did physician reimbursement under Medicare Part B change from Usual, Customary, and Reasonable (UCR) to the Resource-Based Relative Value Scale (RBRVS)?
When did physician reimbursement under Medicare Part B change from Usual, Customary, and Reasonable (UCR) to the Resource-Based Relative Value Scale (RBRVS)?
Signup and view all the answers
When did physician reimbursement under Medicare Part B change to the Resource-Based Relative Value Scale (RBRVS)?
When did physician reimbursement under Medicare Part B change to the Resource-Based Relative Value Scale (RBRVS)?
Signup and view all the answers
What system replaced Usual, Customary, and Reasonable (UCR) reimbursement for physician services under Medicare Part B?
What system replaced Usual, Customary, and Reasonable (UCR) reimbursement for physician services under Medicare Part B?
Signup and view all the answers
What is the Sustainable Growth Rate (SGR)?
What is the Sustainable Growth Rate (SGR)?
Signup and view all the answers
What is the Sustainable Growth Rate (SGR)?
What is the Sustainable Growth Rate (SGR)?
Signup and view all the answers
What was the purpose of the Sustainable Growth Rate (SGR) under Medicare Part B?
What was the purpose of the Sustainable Growth Rate (SGR) under Medicare Part B?
Signup and view all the answers
What was introduced in response to the challenges posed by the SGR?
What was introduced in response to the challenges posed by the SGR?
Signup and view all the answers
What was the Medicare Access and CHIP Reauthorization Act (MACRA) introduced for?
What was the Medicare Access and CHIP Reauthorization Act (MACRA) introduced for?
Signup and view all the answers
What replaced the Sustainable Growth Rate (SGR) under Medicare Part B?
What replaced the Sustainable Growth Rate (SGR) under Medicare Part B?
Signup and view all the answers
What is the Medicare Access and CHIP Reauthorization Act (MACRA)?
What is the Medicare Access and CHIP Reauthorization Act (MACRA)?
Signup and view all the answers
What data do physicians need to document during patient visits under MIPS?
What data do physicians need to document during patient visits under MIPS?
Signup and view all the answers
What is required of physicians under the Merit-Based Incentive Payment System (MIPS)?
What is required of physicians under the Merit-Based Incentive Payment System (MIPS)?
Signup and view all the answers
What is the Merit-Based Incentive Payment System (MIPS)?
What is the Merit-Based Incentive Payment System (MIPS)?
Signup and view all the answers
What does the Merit-Based Incentive Payment System (MIPS) require physicians to document during patient visits?
What does the Merit-Based Incentive Payment System (MIPS) require physicians to document during patient visits?
Signup and view all the answers
What are examples of Advanced Alternative Payment Models (AAPMs)?
What are examples of Advanced Alternative Payment Models (AAPMs)?
Signup and view all the answers
What are examples of AAPMs?
What are examples of AAPMs?
Signup and view all the answers
What are some examples of Advanced Alternative Payment Models (AAPMs)?
What are some examples of Advanced Alternative Payment Models (AAPMs)?
Signup and view all the answers
What are examples of Advanced Alternative Payment Models (AAPMs) under Medicare?
What are examples of Advanced Alternative Payment Models (AAPMs) under Medicare?
Signup and view all the answers
Study Notes
- Medicare is a social insurance program for individuals aged 65 and older, those requiring kidney dialysis, and certain disabled individuals.
- Medicare is divided into four parts, each covering specific healthcare services: Part A (Hospital Insurance), Part B (Medical Insurance), Part C (Medicare Advantage), and Part D (Prescription Drug Coverage).
- Hospital reimbursement under Medicare Part A was initially on a cost-plus basis, but this changed to the Diagnostic Related Group (DRG) system in the early 1980s.
- Physician reimbursement under Medicare Part B changed from Usual, Customary, and Reasonable (UCR) to the Resource-Based Relative Value Scale (RBRVS) in the early 1990s.
- The Sustainable Growth Rate (SGR) was introduced in 1997 to evaluate factors such as medical inflation, the number of Part B enrollees, GDP growth, and Part B benefits to determine an appropriate growth rate for Part B.
- The Medicare Access and CHIP Reauthorization Act (MACRA) was introduced in response to the challenges posed by the SGR and replaced it with two new payment systems: the Merit-Based Incentive Payment System (MIPS) and Advanced Alternative Payment Models (AAPMs).
- MIPS requires physicians to document data during patient visits, including quality measures, outcome measures, and clinical improvement activities.
- Based on these measures, Medicare payments may be increased or decreased by up to 7%.
- AAPMs are innovative payment models that aim to incentivize high-quality, cost-efficient care.
- Examples of AAPMs include Accountable Care Organizations (ACOs), bundled payment models, and patient-centered medical homes.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
Test your knowledge of Medicare with this informative quiz. From the four parts of Medicare to payment models like MIPS and AAPMs, this quiz covers key aspects of the social insurance program. See how much you know about Medicare and its evolution over the years. Keywords: Medicare, social insurance, healthcare services, reimbursement, payment systems, MIPS, AAPMs, quality measures, cost-efficient care.