Let us help guide you through all of the government mandates!
Are you ready to file MIPS in 2019?
These programs are now mandatory for physician practices!
What’s the MACRA Quality Payment Program?
MACRA is designed to move toward the goal of paying for value and better care. The program has two paths:
- Merit-Based Incentive Payment System (MIPS)
- Alternative Payment Models (APMs)
What is MIPS?
MIPS consolidates Medicare Meaningful Use, PQRS, and VBM incentives and penalties while continuing to measure provider performance as specified by those three component programs.
MIPS sunsets separate MU payment adjustments starting with the 2019 payment year (the 2017 MU performance year), but continues MU for purposes of MIPS
MIPS will annually measure Medicare Part B providers in four performance categories to derive a “MIPS score” (0 to 100), which can significantly change a provider’s Medicare reimbursement in each payment year. The performance categories are: Promoting Interoperability (25 points), Quality (45 points), Cost (15 points), and improvement activities (15 points)
The financial impacts of the MIPS scoring system can be very significant!! Penalties will climb to 9%
With training from our staff we can help you receive Payments instead of Penalties
Top performing Physicians have the potential to receive up to a 3x bonus payment adjustment.
By 2022 the potential to receive up to +27% BONUS exists!! In 2022 MIPS scores can impact your Medicare reimbursement from -9% to +27%
MIPS Eligible Professionals
- Physicians, physicians assistants, nurse practitioners, clinical nurse specialists, and nurse anesthetists
More MIPS Eligible Clinicians starting in 2019!
- In 2019, the definition of MIPS eligible clinicians is expanded to include these clinician types:
- Physical therapists
- Occupational therapists
- Qualified speech-language pathologists
- Qualified audiologists
- Clinical psychologists
- Registered dietitian or nutrition professionals
Submit no data in 2019 and you will receive a negative 7% payment adjustment in 2021.
MIPS eligible clinicians and groups would have to earn at least 30 MIPS points (up from 15 points in 2018) to ensure they don’t receive a penalty
Consumers will now be able to see their provider’s rating on a scale of 0 to 100 and how their providers compare to peers nationally.
Each MIPS-eligible professional’s score will be available on the Physician Compare Website, including the ranges of all scores for eligible professionals across the country.
APM- Advanced Alternative Payment Model
This is for providers who go the furthest in delivering high-quality and efficient care.
The Centers for Medicare & Medicaid Services (CMS) will provide a list of care models each year that qualify for APM incentive payments. Clinicians who meet the criteria for APM incentive payments do not receive a payment adjustment under the Merit-based Incentive Payment System (MIPS) and instead receive a 5% Medicare Part B incentive payment.
Almost all Medicare Part B clinicians should expect to report through MIPS in the first year.
|Purpose. MIPS streamlines current Medicare value and quality program measures into one program. Clinicians will receive a MIPS score to assess payment adjustment.||Purpose. Qualifying APMs go further than MIPS to deliver high quality, efficient care, requiring clinicians to take on more risk. Only a subset of alternative payment models qualify for APM bonus payments.|
|Participation All providers should plan on receiving a payment adjustment through MIPS for the first performance year. Clinicians who do not meet APM criteria will be given a MIPS score instead.||Participation All providers should plan on receiving a payment adjustment through MIPS for the first performance year. CMS will inform clinicians at end of first performance year if they qualified for an APM bonus payment.|
|Payment. -4% to 12% payment adjustment depending on MIPS score for 1st performance year. Increases every year until hitting a -9% to 27% payment adjustment in 4th performance year.||Payment. 5% Medicare Part B incentive bonus payment. Will receive MIPS adjustment if clinicians don’t meet APM requirements.|
Meaningful Use is a set of specific objectives that eligible professionals (EPs) and hospitals must achieve to avoid the penalties set by the Centers for Medicare & Medicaid Services (CMS). These objectives require the use of certified electronic health record (EHR) technology and are designed to:
- Improve quality, safety, and efficiency
- Engage patients and their families
- Improve care coordination and public health
- Maintain the privacy and security of patient health information
The Physician Quality Reporting System (PQRS) is a quality reporting program that requires eligible professionals (EPs) to report on the quality of care to Medicare by choosing and reporting on at least 9 quality measures.
The program will apply a negative payment adjustment to individual EPs and PQRS group practices who did not satisfactorily report data on quality measures.
ITMedRx, is a specialized Healthcare IT company that offers fully customizable solutions to healthcare practices. We can install and maintain everything you need to be in compliance with the mandates and avoid the Government Penalties!
We have experienced consultants that will work with your office staff to review your current systems, determine the solutions needed to improve workflow, meet requirements, and provide all the training you need to be successful.
Our services include:
EHR Implementation, Customization, and Training
Medical Coding and Billing – Revenue Cycle Managment
Meaningful Use registration, compliance, and Filing
Quality Care Programs (MIPS, APM, MU, PQRS, VBM, CCM)
Staff training to improve Office Efficiency & Workflow
Lab and Imaging Integration
Device Application and Mobile Technology Solutions (Wireless BP Cuffs, Pulse Oximeters, EKG, and iPads)