Fewer than 25 percent of physicians overseeing decisions related to the Medicare Access and CHIP Reauthorization Act's Quality Payment Program feel "well prepared" to meet requirements in 2017, according to an American Medical Association and KPMG survey.
AMA and KPMG surveyed 1,000 practicing physicians about their preparation for MACRA's QPP and other payment models established under the law.
Here are five survey findings.
1. Fifty-one percent of respondents said they were somewhat knowledgeable about MACRA or QPP. This compares to 8 percent of respondents who felt deeply knowledgeable about MACRA or QPP.
2. Seven in 10 respondents started preparing to meet QPP requirements in 2017. Of those preparing, nine in 10 feel somewhat or well prepared to meet the requirements.
3. Fifty-six percent of physicians plan to participate in MACRA's Merit-based Incentive Payment System in 2017, while 18 percent expect to qualify as an Advanced Alternative Payment Model participant.
4. Of physicians planning to report through MIPS in 2018, 65 percent feel prepared to meet the program's requirements.
5. Fifty-three percent of physicians planning to participate in MIPS in 2017 said the program's requirements are "very burdensome."