The first public meeting of the Physician-Focused Payment Model Technical Advisory Committee (PTAC) in Washington, D.C., offered physicians the opportunity to have their proposals reviewed and analyzed in a transparent manner. This marks a sea change in the way that the Centers for Medicare & Medicaid evaluates proposals, and the process received a strong endorsement from Secretary of Health and Human Services Tom Price.
Secretary Price called the work of PTAC “vitally important,” during opening remarks at the hearing, adding that the proposals the committee reviewed “give voice to practicing physicians and patients.” Price went on to emphasize the importance of PTAC’s public – and bottom-up – approach which brings new payment models from the field – particularly from rural areas – rather than from the government down. “Everyone wants an accessible, affordable and high-quality system. Physician-focused payment is key to that,” he said.
NRHI President and CEO Elizabeth Mitchell co-chairs PTAC, which was established under the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) to vet new physician payment models and make recommendations to the HHS Secretary on proposals submitted by individuals and stakeholder entities. As a congressman, Tom Price helped develop MACRA.
Click the image below to hear Secretary Price’s full remarks.