Benefits Of The For Medicare Payment System ( Mips )

MIPS. It sounds like some kind of disease. And for many providers, it will likely cause as much pain. Starting in 2017, physicians will have to deal with the Merit-Based Incentive Payment System (MIPS). MIPS is intended to measure the performance of Medicare Part B providers in four different performance areas (30% by VBM-measured resource use (claims data), 30% by VBM-measured quality (PQRS data), 25% by Meaningful Use (EHR data), and 15% by a newly introduced â€Å"clinical practice improvement† measure). Providers will then be given a score between 0 and 100. These scores will impact practices in a couple of different ways: 1) Negative scores will affect providers’ Medicare reimbursement 2) Scores will be made available to consumers online†¦show more content†¦Beginning next year, 2017, providers will begin to be scored by the new MIPS measurements and that score will directly impact 2019 reimbursements. And, as we mentioned, on top of being financially impacted by MIPS, providers are also looking at reputation ramifications of low MIPS scores, which will be made public online. The sooner practices can ensure their performance in Meaningful Use, PQRS, and the Value-Based Modifier, the better prepared they’ll be for 2019 MIPS implementation. What Can You Do to Get Ready? With a little over 6 months to prepare, there is much physicians can do to get themselves and their practices ready for MIPS implementation and set themselves up for success. Focus You Efforts When you look at the percentages that will make up the MIPS scores, about 85% will go toward PQRS, MU and VBM. In other words, while you may have secretly prayed at night for these incentive programs to go away, they are not going anywhere. These are the areas you’ve got to focus your efforts on right now. Become a master at these and you’ll be way ahead of the game in 2017. Identify the Quality Measures That Will Most Affect You You’ll want to drill down to identify the clinical quality measures in these current programs that will affect your scope of practice the most. Once you identify them, get as familiar as you can with them so you can score well in your sleep! Maximize Efficiency Because you don’t have a plethora of hours in the day to practice