Take Charge of Your CMS Star Rating
As a reflection of how well your practice follows federal guidelines and
provides healthcare, a high Medicare star rating results in high growth.
Medicare ratings are largely affected by:
Customer Service
Drug Safety
Improving Member Health
Disenrollments
Managing Chronic Conditions
Member Plan Experience
Dispatchers
manage practice
resources
An overview of your practice is key in management and determining areas need improvement.
Health regulations
are automatically
updated
State and federal regulations on healthcare practices are kept automatically up-to-date.
Field workers
receive prompts for
100% compliance
Through prompts from dispatch and external health regulations, field workers will always be kept in the loop.
Your Clinic
Receives a High
Medicare Score
A high compliance rate and great healthcare are integral to achieving high Medicare score.
High Rating? High Growth.
The Relationship Between Star Ratings & Growth
A study conducted by McKinsey (et al.. 2004-2016) aimed to find the link between new healthcare contracts and Medcare ratings. He found that plans with four or more stars have a greater enrollment growth than those with three or less stars.
Specifically, those with a consistent rating of four or more stars experienced over 40% growth. Plans with a decreasing rating grew by only 8%, and conracts that consistently stayed below four stars has less than 1% growth.
Medicare ratings are posted publicly. Follow this link to
find out what your CMS star rating is.
MedPath’s purpose is to help you take charge of all modules and service of your healthcare practice.
Develop optimized processes for patient healthcare is the key to improving your Medicare healthcare star rating.
CRF Financial Benefits
CMS offers financial benefits to Medicare Advantage plans pf 5% starting at 4 stars.
Growth
Potential clients may observe star ratings to choose which practice to sign up with. Attract new contracts with your high star ratings.
Measure Performance
The rating system allows you to track and compare your practice’s performance across different modules, and set targets for improvement.
