MIPS Eligibility Coming In a Letter
Not sure if your physician practice is eligible to participate in the Merit-based Incentive Payment System (MIPS)? No worries: The Centers for Medicare & Medicaid Services (CMS) is reviewing claims and letting practices know which clinicians need to take part in MIPS.
In late April through May, practices will get a letter from the Medicare administrative contractor that processes their Medicare Part B claims. This letter will tell the participation status of each MIPS clinician associated with the Taxpayer Identification Number (TIN) in a practice.
MIPS-eligible clinicians who do not submit at least “some” 2017 data to CMS by the submission deadline (March 2018) will receive a negative 4 percent payment adjustment on Part B claims in 2019.