MIPS Reporting for Practice Perfect EMR Users
Why Patient360 vs. “Those Other Guys”?
Patient360 is the preferred MIPS reporting partner for your EHR.
Patient360 was carefully chosen after an exhaustive comparison of leading MIPS reporting vendors. Unlike other non-preferred alternatives, Patient360 has a performance comparison dashboard.
More Measures to choose from with over 200 measures and 23 measures for physical medicine.*
All FOTO Registry Measures are included and available to report with Patient360.
5 new 2019 MIPS Measures available for MIPS reporting through Patient360.
Practice Perfect built-in integration means that your data will seamlessly be imported into the Patient360 portal.
Coordinated help desk support avoids the common problem of getting lost between two vendors when there is a problem.
Performance Dashboard is included to track and maximize year-over-year performance. With an intuitive and easy to use dashboard, viewing your MIPS data and time-of-service performance could not be easier.
Future-proof. Non-PT practices have steeper reporting requirements than PT practices. (i.e. PI and cost categories). Patient360 already supports these requirements which are expected to be included in future years for PT.
Price! A highly reduced rate has already been negotiated for Practice Perfect users!
*NOTE: Some physical medicine options are exclusively designed for MD/DO providers. Patient360 is willing to inquire with any measure steward/author about expanding HCPCS (e.g., CPT) to include physical therapy providers but cannot guarantee their willingness to modify the measure as it is written.
What is MIPS Reporting?
You may have heard about the acronym, MIPS, as being a new requirement for your practice, whether you are a part of a larger group, or just a solo therapist. But what is it, really? And do you need to worry about it? “MIPS” stands for the Merit-based Incentive Payment System and replaces PQRS, Value Based Modifier (VBM) and the Meaningful Use (MU) legacy programs of the past. The program premiered in 2017 and is now entering its 3rd year in 2019.
New in 2019
Physical and Occupational Therapists are newly included Eligible Providers and must report if they meet eligibility thresholds.
Am I required to report?
Probably.
Now, for the first time, PT/OT therapists are included in the MIPS program for 2019. That means that if you meet ALL the eligibility thresholds found below, you must report MIPS or face a penalty.
Refer to the table below to identify if your practice meets the Required Participation criteria or Opt-In Participation criteria.
1 Opt-in participation: You may opt-in as an individual clinician or as a group if you exceed one or two of the three threshold criteria (either as a group or individual).
Should I report?
You may have noticed that you will not know with absolute certainty that you are required or may report because the year hasn’t happened yet. So, unless meeting the criteria in Figure A is highly unlikely, it is a best-practice to get started and be ready to report.
- With a 7% penalty applied to eligible therapists who do not report, it is in your best interest to at a minimum, avoid that penalty.
- 30 points meets the minimum to allow your practice to be neutral. IMPORTANT: Being Neutral is still avoiding giving up 7% of your billing!
- 31–74 points is a small upward adjustment. 75+ points is exceptional performance bonus territory.
Impact on the Bottom Line
Practice 1
15 Providers
$2,672,866 in Part B Claims in 2019
MIPS Impact = +/- $187,100.62
Practice 2
8 Providers
$623,150 in Part B Claims in 2019
MIPS Impact = +/- $43,620.50
Practice 3
3 Providers
$481,746 in Part B Claims in 2019
MIPS Impact = +/- $33,722.22
These figures are based on a +/- 7% adjustment. Non-participation in 2019 will automatically result in a -7% adjustment in 2021.
