The Merit-based Incentive Payment System (MIPS) is a new medical reimbursement framework that consolidates different parts of three existing payment programs that sunset Dec. 31, 2018:
To increase innovation, a fourth element, Improvement Activities (IA), has been added to MIPS, which offers its providers the flexibility to choose the most relevant and significant activities to demonstrate quality improvement in their practice.
Instead of quantity being the core of reimbursements, the emphasis will now fall on performance categories:
An eligible clinician’s final score determines their MIPS payment adjustments.
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