CMS has released the proposed rule that will combine three already complex quality programs into one, tying professional reimbursement to quality. Meet the Merit-based Incentive Payment System (MIPS), the new face of meaningful use, physician quality reporting system (PQRS) and value-based modifier (VBM) that is mandated by law.
Why should you care about MIPS? Because if you don’t, you’ll lose money and soon. Beginning in 2017, eligible professionals, including physicians, PAs, NPs and CRNAs, will be tested on four key performance metrics: quality, resource use, advancing clinical information and clinical practice improvement activities. Providers who don’t make the grade will suffer a 4% pay cut. Those who perform well could earn a 4% bonus or more. You need to start studying now, and DecisionHealth has your training!
2017 may seem far off, but your practice can’t afford to wait until the final rule is released in the fall to prepare. Practices that don’t start quality performance on Jan. 1 won’t have a chance to beat the pay cut.
CMS estimates there will be $833 million in negative adjustments – but an equal amount of positive adjustments and an additional $500 million in exceptional performance payments.
It’s up to you which outcome will be yours. Register now to pass with flying colors and ensure quality success.
Your Expert Presenter
Sandra has more than 30 years of experience with hospitals and physician practices. She is an AHIMA-approved ICD-10-CM/PCS trainer who provides consulting for health care providers, attorneys and other health care organizations in the areas of CPT/HCPCS, ICD-10-CM, medical record documentation and compliance planning and development. She is the president of Medical Revenue Solutions, LLC, and co-owner of Claims Professionally Reviewed, LLC.