Policy/Regulation Fact Sheet.

MACRA was signed into law in 2015 and it changes the payment of physicians to the Medicare beneficiaries. The main purpose of MARA is to focus on reimbursing quality care that healthcare providers offer, rather than focusing on the quantity of services provided. Additionally, the Act downsizes healthcare costs in organizations (Lin et al., 2017). MACRA utilizes a value-added model as the payment model and it uses parameters such as measurable reports provided by patients, effective resource utilization, among other aspects. Moreover, MACRA is a value and cost payment model that utilizes an electronic health record (EHR) system to facilitate personalized care, effective and efficient care systems, as well as payments for healthcare costs(Lin et al., 2017). Policy/Regulation Fact Sheet.

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The Impact on System Implementation

The implementation of MACRA in healthcare organizations has improved communication and care coordination among healthcare providers, and also between patients and healthcare providers. The Act has also facilitated effective use of recourse and this decreases recourse wastage because it is a value-based payment system (Squitieri& Chung, 2017).

The Impact on Patient/Provider Interactions, Care, and Workflow

MACRA has improved interactions between healthcare providers, and their patients as well. Additionally, because the Act supports the value-based reimbursement model, healthcare providers undergo training and thus this improves the quality of care and patient safety. Moreover, the Act encourages healthcare organizations to implement quality improvement programs and this reduces medical errors (Adams et al., 2019). The Act has also improved workflow due to improved care coordination and efficiency. Policy/Regulation Fact Sheet.

Organizational Policies and Procedures

My healthcare organization has implemented policies and procedures that encourage the implementation of all required legislations. For example, the organization implements the latest EHR system and quality improvement initiatives to facilitate the optimal and effective provision of care services. The organization also has a reward system based on the value and quality of care the healthcare professionals provide to patients. These procedures and policies support MACRA. Policy/Regulation Fact Sheet.

Assignment: Policy/Regulation Fact Sheet As a professional nurse, you are expected to apply your expertise to patient care. On occasion, you will also be expected to share that expertise. With evolving technology and continuous changes to regulations designed to keep up these changes, there is usually a need to share information and expertise to inform colleagues, leadership, patients, and other stakeholders. In this Assignment, you will study a recent nursing informatics-related healthcare policy, and you will share the relevant details via a fact sheet designed to inform and educate. To Prepare: Review the Resources on healthcare policy and regulatory/legislative topics related to health and nursing informatics. Consider the role of the nurse informaticist in relation to a healthcare organization’s compliance with various policies and regulations, such as the Medicare Access and CHIP Reauthorization Act (MACRA). Research and select one health or nursing informatics policy (within the past 5 years) or regulation for further study. The Assignment: (1 page) Create a 1-page fact sheet that your healthcare organization could hypothetically use to explain the health or nursing informatics policy/regulation you selected. Your fact sheet should address the following: Briefly and generally explain the policy or regulation you selected. Policy/Regulation Fact Sheet.Address the impact of the policy or regulation you selected on system implementation. Address the impact of the policy or regulation you selected on clinical care, patient/provider interactions, and workflow. Highlight organizational policies and procedures that are/will be in place at your healthcare organization to address the policy or regulation you selected. Be specific. Create a 1-page fact sheet that your healthcare organization could hypothetically use to explain the health or nursing informatics policy/regulation you selected. Your fact sheet should address the following: · Briefly and generally explain the policy or regulation you selected. · Address the impact of the policy or regulation you selected on system implementation. · Address the impact of the policy or regulation you selected on clinical care, patient/provider interactions, and workflow. · Highlight organizational policies and procedures that are/will be in place at your healthcare organization to address the policy or regulation you selected. Be specific. 77 (77%) – 85 (85%) A fully developed and detailed Fact Sheet is provided for the Assignment. The responses accurately and thoroughly explain in detail the policy and regulation selected. The responses accurately and thoroughly explain in detail the impact of the policy or regulation selected on system implementation. The responses accurately and thoroughly explain in detail the impact of the policy or regulation selected on clinical care, patient/provider interactions, and workflow. Specific and accurate responses thoroughly highlight in detail the organizational policies and procedures that are/will be in place at a healthcare organization to address the policy or regulation selected. Includes: 3 or more peer-reviewed sources and 2 or more course resources. Policy/Regulation Fact Sheet.