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MIPS 2020 Quality Payment Program
MIPS 2020 is now open for clinicians as part of MACRA’s Quality Payment Program (QPP). This year brings new opportunities for rewards, performance and outcomes that will be going to benefit the clinicians and us as their business associates.
The information on this page is based on CMS. It aligns with the MIPS 2020 final rules and policies, and it serves as a helpful guide for clinicians to make informed decisions in the future.
What is MACRA?
MACRA, the Medicare Access and CHIP Reauthorization Act is a law supported by both political parties that drives QPP MIPS and similar programs. It shows the power that MACRA holds. MACRA officially became a law on April 16, 2015.
MIPS 2022 is currently underway. CMS has made many updates to the current reporting process. For example, CMS has raised the performance threshold score from 45 to 60 to avoid penalties this year. The eligible doctors of MIPS can submit their data for several measures until March 31, 2023, by following a series of steps.
Just like in previous years (QPP 2018, 2019, 2020, and 2021), CMS allows MIPS-qualified registries like ours to submit data for eligible practices for QPP 2022.
MACRA and MIPS
MACRA and MIPS are supposed to work together. The core principles of MIPS are quality, value, and accountability that all doctors are required to obey. The eligible doctors and healthcare providers are always winning if they meet their goals. Moreover, MIPS incentives are always available to provide you the boost required for your practice.
The MIPS program brings value-based care into the healthcare system. According to the Centers for Medicare and Medicaid Services (CMS), MACRA introduces a new payment system that pays doctors for giving better care instead of just seeing more patients.
Doctors can focus on providing their best services in the 4 MIPS performance areas. These areas include Quality, Cost, Promoting Interoperability (PI), and Improvement Activities (IA). The overall MIPS score is based on the quality of the data submitted for these areas during the performance year. However, there are 6 Quality measures for practices in the MIPS program.
Eligibility Criteria for MIPS Reporting 2020
01
Be one of the types of clinicians that can bill Medicare Part B
02
Earn more than the low-volume limit
03
Be enrolled in Medicare before 2020
04
Not be part of a Qualifying Alternative Payment Model (QP)
30%
Quality
30%
Cost
15%
Improvement Activities
25%
Promoting Interoperability
What Does QPP MIPS 2022 Involve?
CMS will reward eligible clinicians for their outstanding clinical performance just like before. Doctors who focus on providing quality care rather than just seeing more patients will be recognized and can earn financial rewards.
CMS looks at performance in 4 categories, and the requirements and scores for MIPS 2022 Quality Measures change each year.
CMS-Approved MIPS Qualified Registry for Physicians 2022
It is not enough to simply submit MIPS 2022 Quality Measures. With the passage of time, it can be challenging to deal with the heavy administrative workload and the stress of reporting MIPS 2022 data.
Getting help from a qualified MIPS 2022 registry makes it easier for doctors to manage their paperwork so they can focus on their main work. While our experts handle recording your performance for timely data submission, you can improve your clinical practices. Successfully submitting data can earn you up to 5% in rewards.
To get this recognition, contact PrimeWell Med Solutions today!
MIPS Reporting 2022 Specialities
If you are a plastic surgeon, dentist, orthopedic specialist, pediatrician, family doctor, physical therapist, urologist, psychiatrist, ophthalmologist, nephrologist, neurologist, pain specialist, optometrist, gastroenterologist, cardiologist, chiropractor, pathologist, cardiothoracic surgeon, radiologist, physiologist, gynecologist, obstetrician, rheumatologist, endocrinologist or public health specialist, reporting MIPS is simplest with a MIPS Qualified Registry like ours.
Since each MIPS performance category needs to be reported during a specific time, PrimeWell Med Solutions understands how to handle this reporting.
MIPS 2022 Data Verification Check
Firstly, you need to choose a collection type to submit MIPS data. With our expert help, doctors can select MIPS CQMs (Clinical Quality Measures) to report. You need to correctly validate and verify the measures you report to score above 75. This is how you get the rewards along with bonuses.
PrimeWell Med Solutions, serves as a third-party intermediary, & excels in maintaining tradition by handling submissions on behalf of practices. You can choose to report CMS MIPS Quality measures either as an individual or as a group.
CMS approves registries each year according to the specific standards and criteria. A MIPS consulting firm that also serves as a registry helps in stress-free and precise submissions. This allows you to focus on what you do best and caring for your patients.