Understand what makes a provider a QP. Since CMS launched the Quality Payment Program (QPP) in 2017, the agency has tweaked its incentive payment scheme annually, adding new pathways, streamlining initiatives, and changing requirements. Refresher: Starting with the 2021 performance [...]
Take advantage of these tools to achieve success in the QPP. Submitting Merit-Based Incentive Payment System (MIPS) measures can be taxing for any practice; however, smaller practices might have an especially tough time with MIPS reporting. The reason: Budget constraints [...]
Beware: Small practices are at risk of being hit hardest. Every year, practices that accept Medicare brace for whatever turbulence the Centers for Medicare & Medicaid Services (CMS) might throw their way with the Medicare Physician Fee Schedule and other [...]
Know where to find tools that can facilitate success in the QPP. The key to avoiding penalties and maximizing your chances of positive Medicare payment adjustments is being skilled at navigating the nuances of the Merit-Based Incentive Payment System (MIPS). [...]
Negative payment adjustments will hit small practices hardest, industry insiders warn. For 2023, Medicare opted to slowly roll out its new quality reporting opus, MVPs while offering providers the option to file measures under Traditional MIPS — for a few [...]
Online tools can ease the burden of reporting MIPS. Although there are challenges for any practice that participates in the Merit-Based Incentive Payment System (MIPS), smaller practices have a potential to be overwhelmed with MIPS reporting. Why? A staff shortages [...]
Here’s why you should bookmark CMS MIPS tools. When submitting measures for the Merit-Based Incentive Payment System (MIPS), things can get tricky for any practice. Smaller practices, however, could be in for an especially tough time reporting MIPS measures. The [...]
Remember that CMS has tools on offer to help. Submitting measures for the Merit-Based Incentive Payment System (MIPS) is difficult for any practice, but smaller practices might have a harder time with MIPS than larger ones. Why? Staff shortages and [...]
Tip: Utilize the plethora of tools and flexibilities CMS offers. Whether you’ve been all-in since 2017 or are just submitting measures for the current performance year, the Merit-Based Incentive Payment System (MIPS) can be daunting for small practices. From staff [...]
Question: What are some of the special statuses and exemptions that would allow our optometrists and/or practice to avoid the penalty for not participating in the MIPS program? Idaho Subscriber Answer: For 2022 and 2021, the Centers for Medicare & Medicaid Services [...]
