The Medicare Access and CHIP Reauthorization Act (MACRA) is a significant piece of legislation enacted in 2015 that reformed the way Medicare pays healthcare providers, moving away from fee-for-service models toward value-based payment systems. This act aimed to improve care quality and coordination while controlling costs, linking provider reimbursements to performance metrics and patient outcomes, which is essential in understanding modern healthcare reimbursement strategies and approaches to managing patient care effectively.
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