Merit Based Incentive Payment System Mips

Using a composite performance score eligible clinicians ecs may receive a payment bonus a payment penalty or no payment adjustment.

Merit based incentive payment system mips.

The merit based incentive payment system mips is the program that will determine medicare payment adjustments. The other track created under macra is the advanced alternative payment model aapm track. This is your guide to the merit based incentive payment system mips track. If you re a mips eligible clinician you ll be subject to a performance based payment adjustment through mips.

Cms is required by law to implement a quality payment incentive program referred to as the quality payment program which rewards value and outcomes in one of two ways. Get the latest information about how practice fusion is supporting providers and patients during the outbreak. The merit based incentive payment system mips. Advanced alternative payment models apms.

Medicare s current quality reporting programs are being consolidated and streamlined into 1 merit based incentive payment system referred to as mips this consolidation will reduce the aggregate level of financial penalties physicians otherwise could have faced and it also provides a greater potential for bonus payments. Beginning in 2017 eligible health care clinicians may participate in the cms merit based incentive payment system mips by reporting data to cms for certain clinical activities. If you decide to take part in an advanced apm you may earn a medicare incentive payment for sufficiently participating in an innovative. Mips is part of an overall effort to better connect care quality with medicare payments.

Merit based incentive payment system mips and advanced alternative payment models apms.