MIPS is the Medicare value-based care payment program. Beginning in 2018, CMS will begin publishing MIPS scores from 2017 for over 500,000 clinicians to provide patients with more information about their medical care providers. Each calendar/performance year eligible providers will receive a score based on a 100 point scale. Practices must meet a certain minimum threshold, with incentives provided for going beyond that minimum. A MIPS performance score is measured through the data clinicians report in four areas, plus additional bonus point opportunities:
Using these scores, adjustments are applied to every Medicare Part B item and service billed by the clinician two years after the rating year. For example, 2019 will be the payment adjustment year based on performance ratings from 2017. In 2019, the maximum MIPS incentive is 4%, with a maximum exceptional performance bonus of 10% and a maximum MPS penalty of 4%. Incentives and penalties will increase through payment year 2022 to a maximum of 9% each. Penalties applied to poor performers will help create a pool to pay incentives earned by the higher-rated performers.
Practices must earn a minimum number of points to avoid receiving an MIPS penalty. This can be accomplished through a combination of meeting base scores and submitting quality measures that meet data completeness thresholds or specifically-weighted improvement activities. There are more than 270 quality measures that are final for reporting for the 2018 performance period in the Quality Payment Program. These cover process measures, outcome measures and high priority measures.
CMS plans to gradually increase competition for practices to provide higher levels of care by increasing financial and reputation impacts through 2022.
Watch this video to learn more about the benefits of measuring and tracking Clinical Quality Measures in your practice to meet MIPS goals.