MIPS success: What specialists need to know
Urology Times January 12, 2024
“Specialty providers can take three steps now to succeed with MIPS while prioritizing caring for their patients,” writes Wayne Singer.
Medicare’s Merit-based Incentive Payment Program (MIPS), now in its 7th year, continues to create confusion, particularly for specialists. The program can have a big impact on Medicare Part B reimbursements, using the MIPS composite performance score to determine if providers will receive a payment bonus, a payment penalty, or no payment adjustment at all. Adjustments are based on performance in four categories: quality, cost, promoting interoperability, and improvement activities.
The biggest challenge for providers is to report data for at least six quality measures for a minimum number of cases for each calendar year. This poses an additional challenge for...