Here are five things to know.
1. The MIPS payment system is part of the Medicare Access and CHIP Reauthorization Act’s Quality Payment Program.
2. MIPS reimburses Medicare Part B claims based on four performance areas: quality, improvement activities, advancing care information and cost.
3. These categories make up a provider’s final score. The final scores submitted on the approaching March 31 deadline will dictate whether a provider will see a payment increase or decrease in 2019.
4. MIPS performance years begin Jan. 1 and end Dec. 31 of each year, meaning the upcoming deadline is for 2017 performance year data.
5. In February, HHS Secretary Alex Azar said at a Senate Finance Committee meeting that HHS wants to end or significantly lessen the reporting requirements for physicians under MIPS.
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