<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=254852510804694&amp;ev=PageView&amp;noscript=1">

Jun 6, 2017 11:05:00 AM Practice EHR

MACRA: Reporting under MIPS - Practice EHR

shutterstock_253877107-1.jpg

At Practice EHR, we’re continuously focused on supporting healthcare organizations and physicians. We want to help physicians be successful in all things they do, including meeting the requirements of new government-mandated programs, like the Medicare Access and CHIP Reauthorization Act (MACRA).

MACRA is a government-mandated quality payment program (QPP) that establishes a new payment system for clinicians who treat Medicare patients. The program is part of an industry shift to value-based reimbursement and consolidates previously government-mandated programs like, Meaningful Use (MU), Physician Quality Reporting System (PQRS) and the Value-Based Payment Modifier.

Who participates in the QPP?

Clinicians who care for more than 100 Medicare patients or bill more than 30,000 Medicare Part B dollars are considered eligible clinicians and must participate in MACRA to avoid penalties. This includes:

  • Physicians
  • Physician assistants
  • Nurse practitioners
  • Clinical nurse specialists
  • Certified registered nurse anesthetists

Choose your track: APM vs. MIPS

MACRA includes two payment tracks clinicians can choose to report under: the advanced alternative payment model (APM) or the merit-based incentive payment system (MIPS). If you receive 25 percent of Medicare-covered professional services or see 20 percent of your Medicare patients through an advanced APM in 2017, then you will report under the APM payment model. However, most clinicians will report under MIPS, so for the sake of this blog, we will focus on the MIPS track. Find out if you are eligible for MIPS.

 

Reporting Under MIPS

With MIPS, clinicians will submit data in four performance categories, including quality, improvement activities, advancing care information and cost. The data received in 2017 will determine positive, negative, or neutral payment adjustments that kick in starting in 2019. 

Adjustments will max out at four percent the first year and later, as the program matures, grow to nine percent and beyond.

2017 MIPS Performance Scoring:

  • Quality (60%)
  • Advancing care info (25%)
  • Improvement activities (15%)
  • *Cost (0%) *(Cost data is collected in 2017, but only 2018 data determines payments.)

MIPS Reimbursement Potential:

Asset 2.png

 

Submit something!

With all of this being said, our best MACRA tip for clinicians is to submit something. Ideally, begin collecting performance data starting January 1, 2017, and report for the full performance period. However, CMS has named 2017 as a transition year while offering some flexibility in reporting and performance for MIPS participants. Choose a reporting pace that best suits you (outlined below), but remember, clinicians who don’t submit anything will receive a negative payment adjustment.

  • Don’t submit any data; receive a negative four percent payment adjustment
  • Report some data; avoid a negative payment adjustment
  • Submit data for half of the year; avoid penalties and likely earn a positive payment adjustment 
  • Submit for the full year; earn a positive payment adjustment


Looking for more helpful resources on MACRA?
Download our MACRA Simplified Guide.

Download now

Topics: MACRA/MIPS, MIPS, Reporting Under MIPS, MACRA

RECENT POSTS

Rectangle-blue
Rectangle-green
Rectangle-orange

TOPICS

See all

NEXT UP Rectangle-blue Rectangle-green Rectangle-orange

Best Practices for Implementing Psychiatry EHR Software in Your Practice

Best Practices for Implementing Psychiatry EHR Software in Your Practice

What if your psychiatric practice could work with amazing efficiency? Never will it be easier to manage patient records, make appointments on the go,...

Practice EHR Achieves SOC 2 Certification: Strengthening Data Security and Trust

Practice EHR Achieves SOC 2 Certification: Strengthening Data Security and Trust

We are thrilled to share some exciting news at Practice EHR! We’ve proudly achieved SOC 2 Certification, a globally recognized standard showcasing...

Boosting Patient Engagement with Automated Health Tools and Workflows

Boosting Patient Engagement with Automated Health Tools and Workflows

The U.S. hospitals, as reported in a 2022 study, lost between $53 billion and $122 billion in revenue during the year 2021. The pandemic brought a...

Selecting a Telehealth-Enabled EHR: Key Features to Consider

Selecting a Telehealth-Enabled EHR: Key Features to Consider

Telehealth is quickly becoming a core healthcare service across the United States. What began as a necessity during COVID-19 has quickly evolved into...

VIEW ALL POSTS