MIPS Tag

It’s hard to believe that on January 1, 2019, the Merit-Based Incentive Payment Program (MIPS) moves into its third year. New data from the Centers for Medicare & Medicaid Services (CMS) shows that 93% of MIPS-eligible clinicians who participated in MIPS 2017 (Year 1) earned positive payment adjustments and 95% avoided a negative payment adjustment.
Now that the Merit-Based Incentive Payment System (MIPS) 2017 submission period is closed, don’t think you can procrastinate and put MIPS on the back burner for the rest of 2018. One of the biggest changes in 2018 is that eligible clinicians (ECs) must now report Quality and Cost performance category data to the Centers for Medicare & Medicaid Services (CMS) for a full 12 months, beginning in the first quarter of 2019—which means the performance period has already begun.
The Centers for Medicare & Medicaid (CMS) released the Quality Payment Program (QPP) hardship exception application for the 2017 transition year for eligible clinicians (ECs). This exception may qualify an EC for reweighting their Advancing Care Information (ACI) category to 0% and reallocating the 25% to the Quality category.
To help you prepare for MACRA and MIPs, the new payment system for Medicare Eligible Clinicians (ECs), we’ve put together a few quick facts, FAQs, and industry resources to help guide you through the complicated process.