Amazing Charts is currently certified for Merit-Based Incentive Payment System (MIPS) 2017 reporting, and our team is gearing up to support our customers who are participating in MACRA. We are updating our technology options for the certification required for 2018 MIPS reporting, which will be available by late 2017.
What is MACRA, the QPP and MIPS/Advanced APMs?
MACRA is the Medicare Access and CHIP Reauthorization Act of 2015 aims to change how clinicians are paid: it ended the Sustainable Growth Rate formula and implemented changes to pay clinicians based on quality, instead of volume, of care. MACRA created the Quality Payment Program (QPP), which CMS says will improve Medicare “by helping you focus on care quality and the one thing that matters most — making patients healthier.”
The QPP has two tracks you can choose to participate in: the Merit-based Incentive Payment System (MIPS) or the Advanced Alternative Payment Model.
Most of our Amazing Charts providers fall into the MIPS category. If you participate in an Advanced APM, through Medicare Part B you may earn an incentive payment. If you participate in MIPS, you earn a positive or negative performance-based payment adjustment.
MIPS scores providers based on four categories and uses those scores to determine payments. Those four categories are:
Clinician performance will be measured annually and will be made available to the public via CMS. MIPS payment adjustments will apply to Medicare Part B payments starting in 2019, based on 2017 performance reporting.
Want to avoid the 2019 penalty & pay nothing more?
Want to earn a positive adjustment in 2019?
Not sure how to report on quality measures via claims?
The CMS Quality Payment Program website is also a fantastic source if you have more questions or want to get in touch with their support staff.
Quality payment programs, such as Meaningful Use and MIPS, can be tough to navigate. There is always something new to learn and it can be hard to find the time to constantly educate yourself on the latest updates. Let Amazing Charts help.
Meaningful Use & MIPS Success Services provide one-on-one remote sessions with a member of our team. Session topics include understanding measures, data submission, and audit assistance.
Let us help you navigate these program, making it a breeze for you to complete a successful attestation. You can email us to book a session or by speaking with a sales rep at 866-382-5932.
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