Innovaccer unveils MIPS calculator to help providers estimate payments

Innovaccer, a healthcare analytics company, has rolled out a new financial tool called the "MIPS Calculator."

The calculator helps providers participating in the Merit-Based Incentive Payment System, one of the pathways offered under the Medicare Access and CHIP Reauthorization Act, estimating the payments they will owe under the new rule. The calculator allows providers to enter variables related to MIPS incentives, and also accounts for factors like the budget neutrality factor and average amount of Medicare part B per provider.

After integrating this information, the MIPS Calculator will generate a projected MIPS score and payment adjustment for the upcoming performance year, along with a breakdown of how each component the provider included contributes to the final outcome. The ultimate goal is to assist providers as they analyze their practice through the lens of the MACRA final rule.

More articles on health IT:
IBM Watson offers new tools for physician support, personalized medicine: 3 highlights
Survey: 86% of patients use online portals, 91% use mobile apps when providers offer
Mobile health market projected to reach $21.71B by 2022: 5 things to know

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Featured Webinars

Featured Whitepapers