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Merit-Based Incentive Payment System (MIPS) 2018
MIPS in healthcare plays a crucial role in shaping up the future of the US healthcare system
Types of Clinicians
Low-Volume Threshold Requirement
For MIPS 2018, the eligibility benchmark has exceeded.
You are eligible for MIPS 2018 if you are –
- Providing care to more than 200 patients in a year
- Billing $90,000 or more to Medicare for Medicare Part B patients
These are comprehensive changes and exclude many clinicians from participating in the 2018 program.
You are exempt
Do You Want To Ace In Reporting Quality Measures?
Four Performance Categories
Quality
- Carries 50% weight in the MIPS Final Score
- Report 6 quality measures in which one is an outcome measure or a high-priority measure
- Submit data on 50% or more Medicare patients (The measures must meet the data completeness attribute for more points otherwise; each of them will receive only one point)
- Report quality for the whole year (12 months)
Cost
- A new category that holds 10% of the MIPS Final Score (CPS)
- There is no reporting method required for this category because CMS will evaluate your billing claims for 2018 (January 1 to December 31, 2018) to calculate the score
- You can download QRUR (Quality Resource Use report) of the previous year to find out areas of improvement in Cost.
Improvement Activities (IA)
- It carries 15% weight in the MIPS Final Score
- The list of measures has grown – From 92 in 2017 to 112 in 2018
- Eligible clinicians must achieve a score of 40 in this category
- Report for at least 90 consecutive days to avoid negative payment adjustments
Promoting Interoperability Formerly Advancing Care Information (ACI)
- Worth 25% of the MIPS Final Score
- You may use the 2014 or 2015 version of certified EHRs for MIPS meaningful use (MU) in 2018
- Must report on all the base measures to earn a decent score and then move on to bonus measures
- Report for at least 90 consecutive days
100% Guaranteed +5 Percent Positive Payment Adjustments in 2020
If your total MIPS score is 15, it means nothing deducts from your annual Medicare payments. If it is anything less than 15, get ready to face -5% payment adjustments. However, if you score above or equal to 70, be happy and expect +5% payment adjustments in the year 2020. These rewards add to your finances as exceptional performance bonuses.
Better Reputation for MIPS 2018 Achievers
- If your total composite performance score is 15, you will receive neutral payment adjustment on your Medicare Reimbursements (no downward or upward adjustment) in 2020
- If your total MIPS Final Score is less than 15, you will receive a negative 5% payment adjustment on your Medicare reimbursement in 2020
- If you score above or equal to 70, you will get a positive 5x budget-neutral incentive in the year 2020
- Scoring above 70 CPS for MIPS may also make a practice eligible for MIPS bonus payments, which every year are paid out of a $500 million dollar pool to the top 25% performing clinicians
Submission Methods Simplified
You can choose a QCDR, a MIPS Registry, EHR system, and CMS web interface (for groups of 25 ECs or more) to report on these performance categories. However, you must choose a single method of reporting for each category.
How to Qualify For Additional Bonuses in the Quality Payment Program 2018?
- Improve your MIPS score by focusing more on the activities for the Quality performance category. It can give you up to 10% bonus points.
- For Cost category, making significant changes in care delivery to cut down costs can earn you up to 1% extra points.
- ECs and groups gain up to 5 points for treating the patients who are in serious condition
- ECs and groups must submit data on one of the performance categories to be eligible for bonuses
- Scoring is relying on Hierarchical Conditions Category (HCC)
- If ECs or groups are part of small practices, they are awarded 5 bonus points
Advanced Alternative Payment Models (APMs) for 2018
Advanced APMs is the second track of the Quality Payment Program, which you can opt-out of by meeting the eligibility criteria.
An APM is a payment system that rewards incentives on account of superior-quality and money-saving care.
What Physicians Need to Know about AAPMs?
This is the second track of the Quality Payment Program (QPP), which you can opt for, by meeting the eligibility criteria.
An APM is a payment system that rewards incentives because of superior-quality and money-saving care.
How Do You Benefit From An Advanced APM?
Once you attest and participate in an Advanced APM in 2018, you are eligible for incentive payments of up to 5% in 2020.
Eligibility Requirements for Participation
You must:
- Receive 25% of your Medicare Part B payments through an Advanced APM
- You must be treating 20% of your Medicare patients through an Advanced APM
The model’s portal will guide you through the process of reporting quality category data to CMS effectively. If you decide to leave this track in the ongoing performance period of 2018, you must ensure you have received enough payments or treated enough patients through an Advanced APM to be eligible for 5% positive payment adjustments in 2020.
If you don’t meet the minimum requirements of the Advanced APM, you have to join the MIPS 2018 track to prevent -5% deductions from your annual Medicare income in 2020
Additional Information
2018 MIPS Qualified Registry
Why Us?
- We are a MIPS Qualified Registry for 2018 and a complete health IT solutions provider.
- CMS recognizes P3 Healthcare Solutions as a MIPS Qualified Registry for the year 2018. We report on all Quality Measures, Promoting Interoperability, and/or Improvement Activities on behalf of MIPS participants in the form of individuals, groups, and virtual groups.
- P3Care had the honor of being a MIPS Registry in 2017, and CMS recognizes us to report data on behalf of the eligible physicians in 2018 as well.
How P3Care Does Its Part?
- With a long-running experience on Medicare Part B Quality Reporting, seasoned P3 analysts and consultants provide more than just a helping hand. We take control of your demonstration from day one and make sure we save physician and staff time during the entire demonstration
- Performance Category
- Quality
- Promoting Interoperability (ACI)
- Improvement Activities
- Cost
- Weightage in 2017
- 60%
- 25%
- 15%
- 0%
- Weightage in 2018
- 50%
- 25%
- 15%
- 10%