Beginning in 2019, the MIPS program streamlines and aligns CMS’s three existing clinical quality assurance programs into one larger, modified fee-for-service program that includes four components:
For physicians who elect to participate in the MIPS program, the base payment rates will be frozen from 2020 through 2025. Under the program, however, physicians can earn incentive payments if they perform well on the four MIPS components. Credit will be given for improved performance as well as achieving a certain level of performance.
Jan. 1, 2017 may be the first performance year for MIPS, so it’s critical to get ready now. Here are some actions to consider: