Understanding What Payment Reform Means for Your Practice: An Interactive Workshop
In an interactive panel discussion, members of the AMA’s Innovators Committee will describe their own real world experience with payment reform, how their practice has changed and what has remained the same. The Innovators will discuss the merits of a global budget versus a bundled payment, how payments flow to individual providers under these models and whether physicians should sell their practice to a hospital or if there are alternatives that preserve the independent practice of medicine. This activity is intended for all practicing physicians, medical students, residents, and those in administrative medicine. Should you have technical questions, please call the AMA Unified Service Center at 800-621-8335. Direct content-related questions to Jason Scull at webinarquestions@ama-assn.org.
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Understanding What Payment Reform Means for Your Practice: An Interactive Workshop
Release Date: Monday, June 9, 2014, 9:30 - 11:00 a.m., (CDT) (90 minutes) Hyatt Regency Chicago
Participants can claim credit until July 19, 2014

After registering for the activity, you must; 1) enter an access code to unlock the activity, 2) scroll to the bottom of the page and click continue to advance to the next tab, and 3) complete the evaluation to receive your certificate.

At the end of this activity, physicians should be able to:

  1. Distinguish the facts of payment reform from the fiction, and, thereby, address the fear of what reform means for the practice of medicine.
  2. Identify at least two new payment models that are distinct from FFS.
  3. Describe how new payment models portend an ongoing role for FFS payments in a hybrid system.
  4. Explain how reimbursements will flow to individual physicians in a hybrid system that may include several distinct payment models.
  5. Describe how payment reform will give physicians greater flexibility to provide the care that patients need. 

Receiving Your CME Credits
In order to receive AMA PRA Category 1 Credits™, you must complete the evaluation. Participants can claim credit until July 19, 2014.

Target Audience

This activity is designed for all practicing physicians, medical students, residents, those in administrative medicine, Delegates, Alternates, state medical and specialty society staff who attend the HOD Annual Meeting.

Statement of Need
There is a need to translate how new payment models, such as bundled payments, converts into individual providers' reimbursements. Some have boldly predicted the end of FFS reimbursements while others have embraced concierge medicine as an alternative. This session will address the need by describing an ongoing role for Fee-for-Service reimbursements under new payment models as a means to ensure that participating physicians and other providers are appropriately reimbursed.

Statement of Competency
This activity is designed to address the following ABMS/ACGME competencies: practice-based learning and improvement, interpersonal and communication skills, professionalism, and systems-based practice. 

Accreditation Statement
The American Medical Association is accredited by the Accreditation Council for Continuing Medical Education to provide continuing medical education credit for physicians.

Credit Designation Statement
The American Medical Association designates this live activity for a maximum of 1.50 AMA PRA Category 1 Credits™. Physicians should claim only the credit commensurate with the extent of their participation in the activity.

Planning Committee
Jeanette Harmon - AMA CME Program Committee
Cindy Brown - AMA Vice President, Government Relations
Sandy Brown - AMA Associate Director, Federal Affairs
Jason Scull - AMA Associate Director, Federal Affairs   

Grace Terrell, MD - Cornerstone Healthcare
Alan Speir, MD - Cardiac Vascular and Thoracic Surgery Associates (CVTSA)
Donald Klitgaard, MD - Myrtue Medical Center
Ardis Hoven, MD - AMA Board of Trustees

About the Innovators Committee
The Innovators Committee is a group of innovative physicians tasked with developing resources to help their colleagues from various specialties implement effective delivery and payment reforms that are applicable to their practice setting and service mix. Go to http://www.ama-assn.org/go/paymentpathways for more information about the Committee and its work.

Disclosure Statement 
The content of this activity does not relate to any product of a commercial interest as defined by the ACCME; therefore, neither the planners nor the faculty have relevant financial relationships to disclose.

Hardware/software Requirements
Adobe Flash 9.0.115 or above
Screen resolution of 800X600 or higher.
MS Internet Explorer 8.0 or higher, Firefox, Opera, Chrome, Safari, etc.
Adobe Reader 5.0 or higher.

Should you have any questions regarding the content of this activity, please contact Jason Scull at webinarquestions@ama-assn.org.

Should you have technical questions, please contact the AMA Unified Service Center at 800-621-8335. 

Type:  Live Activity
Activity Price
57 Registered Users
1.5 Credits> AMA> AMA PRA Category 1 Credit

0 Credits> AMA> Certificate of Participation for Non-Physicians