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(844) 557-3227Merit-based Incentive Payment System (MIPS) is a program introduced by the Medicare Access and Children’s Health Insurance Program (CHIP) Reauthorization Act of 2015 (MACRA). Just like MIPS 2023, MIPS 2025 also ensures just compensation to the clinicians for dispensed services throughout the year.
These compensations are done under different MIPS payment adjustment types such as positive, neutral, and negative wherein positive adjustment yields more than 100 percent reimbursement, neutral adjustment yields 100 percent reimbursement, and negative adjustment yields less than 100 percent reimbursement for the rendered services.
The following table shows the breakdown of the final scores and their final payment adjustments:
Source: Centers for Medicare and Medicaid Services (CMS)
P3Care makes a checklist that includes all the necessary steps to guarantee maximum incentives. The checklist includes the steps like,
Streamline your reporting with our MIPS 2025 services designed for healthcare practitioners by ensuring compliance and enhancing your practice’s financial performance.