You know about MIPS by now, but do you know about the CMS Physician Compare site? At Patient360, I have spoken with many clients who decided not to participate in Merit Based Incentive Payment System (MIPS) in 2017, and to “take the hit” so to speak.
If you’re a physician, chances are you’ve been hearing more and more about MACRA and/or the Quality Payment Program (QPP) and MIPS in your publication subscriptions for months. It seems every day there are articles, studies, whitepapers, and loads of advice. Yet still, halfway through the second year of the QPP, there remains a world of confusion. How does the program work? What is the scoring methodology? How much do I stand to gain or lose? Why am I wasting my time with this? Do I need to report? Am I even eligible?
Admittedly, the Merit-based Incentive Payment System (MIPS) is confusing, and when it comes to data submission too many seem to take the path of least resistance. Submitting data through an electronic medical/health record (i.e., EMR/EHR… hereafter EMR) while seemingly “easy” has potential pitfalls. Here are few quick thoughts to ponder in this regard;
LW Consulting, Inc. announces a collaborative partnership with Patient360, a physician-owned and operated Qualified Registry and QCDR formed to help practices improve quality reporting, increase incentive payment, and avoid negative payment adjustments from CMS.
Patient360 is excited to share news that we have partnered with LW Consulting. Read more about our collaboration here »
Learn how MIPS scoring works in 2017, and make it a money-saving game with better patient outcomes.
To fulfill requirements of the federally-regulated Merit-based Incentive Payment System (MIPS) track of the Quality Payment Program (QPP), you need to know what data to report; how to report; how long to report; and on which providers to report. Then, you must figure out how your practice scored so you can anticipate a negative or positive payment adjustment.