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Healthcare Payment System ACTUAL QUESTIONS AND CORRECT ANSWERS

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Healthcare Payment System ACTUAL QUESTIONS AND CORRECT ANSWERS Private health insurance - Correct answersInsurance accessed through employer or individually; provides coverage for medical expenses Group sponsored - Correct answersHealth insurance accessed through employer; covers a group of individuals Self-funded - Correct answersHealth insurance where a large employer bears the risk for medical claims Stop-loss insurance - Correct answersInsurance that provides coverage for catastrophic

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Healthcare Payment Systems ACTUAL
QUESTIONS AND CORRECT ANSWERS
PCMH: What does it stand for? - Correct answers✔✔Patient-Centered Medical Home



PCMH: What 5 things do they strive for? - Correct answers✔✔(CCCACQS)

Healthcare that is patient centered, comprehensive, coordinated, accessible, committed to quality
and safety.



ACO: What does it stand for? - Correct answers✔✔Accountable Care Organization



ACO: Define it - Correct answers✔✔An organization of health care providers who agree to be
responsible for quality, cost, and overall care of Medicare beneficiaries who are enrolled in
traditional fee-for-service programs who are assigned to their ACO.



What is the most important new healthcare law since the ACA? - Correct answers✔✔MACRA
(Medicare Access and CHIP Reauthorizations Act) (CHIP=child health insurance plan)



What changes does MACRA enact? - Correct answers✔✔Starting in 2019, the three current
Medicare quality reporting/incentive systems (PQRS, Meaningful Use and Value Based
Modifier) will be combined into MIPS (Merit-Based Incentive Payment System). MIPS allows
physicians to more clearly determine their eligibility for incentive payments.



How does MIPS work?

What 4 categories is score based on? - Correct answers✔✔Each professional will be given a
composite score of 0-100 based on performance in 4 categories:

1: Clinical Quality (Specialty defined) 60%

2: Advancing Care Information 25%

, 3: Resource Use (Cost) 0%- will be phased in eventually.

4: Practice Improvement 15%. If provider chooses quality improvement activities or not. If
enrolled in PCMH, automatically get highest P.I. score.

Composite score results in a negative or positive Medicare reimbursement.

*Physicians participating in ACO or PCMH can choose to take a different path and receive a 5%
bonus every year from 2019-2024.



What is the triple aim of healthcare? - Correct answers✔✔Improve:

Quality of Healthcare (patient experience of healthcare)

Cost of Healthcare (per capita cost)

Population-Based Health



The current US Healthcare System is... - Correct answers✔✔Burdensome, Suboptimal and
complex.



What percentage of non-elderly adults were uninsured in 2016? - Correct answers✔✔10%

This is down from 16.2% in 2013



Who pays for half of all insurance in the U.S.? - Correct answers✔✔The Government



1/3 of the U.S. Healthcare system is spent on what? - Correct answers✔✔Administration



If the U.S. cuts its administration spending to equal the international median, how much money
would be saved annually? - Correct answers✔✔$920 million

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