The Merit-based Incentive Payment Systems (MIPS) program is entering its eighth year of operation, and it is still a hotbed of confusion, anxiety, and—depending on who you ask—misinformation. These feelings are largely because participation in MIPS is extremely dependent on the specialty, group, reporting option and clinician’s commitment to continued participation. For several years, providers […]
What is the Merit-based Incentive Payment System? The Merit-based Incentive Payment System (MIPS) is one way to participate in the Quality Payment Program. Under MIPS, CMS evaluates your performance across multiple categories that lead to improved quality and value in the healthcare system. The performance threshold for 2021 is 60 points, which means: A MIPS […]
Submitted to CMS August 2017 We appreciate the opportunity to provide comments on the proposed rule for the second transition year under the MACRA legislation. We provide practice management consulting services to small and mid-sized independent practices. For the past several years, we have assisted dozens of practices with Meaningful Use, PQRS, Value-Based Modifiers, and […]
The MIPS program combines parts of the Physician Quality Reporting System (PQRS), the Value Modifier (VM or Value-Based Payment Modifier), and the Medicare Electronic Health Record (EHR) incentive program into one single program. In the near future, providers will be measured on quality, resource use, clinical practice improvement, and meaningful use of certified EHR technology. How this is all going to work […]
