January's Partner of the Month
You may have heard of the Merit-based Incentive Payment System, or MIPS, as a solo provider or part of a larger organization. But what is MIPS? Should it be of your concern?
In an attempt to convert to a value-based system from a pure fee-for-service one, the Centers for Medicare and Medicaid Services rolled out MIPS. The program replaced and consolidated the PQRS, Value Based Modifier and Meaningful Use programs. To avoid a hefty penalty, MIPS requires providers who exceed established thresholds to report data in three categories: quality, promoting interoperability and improvement activities. To see if your practice exceeds these thresholds and are mandated to report data, click here.
So, you’re eligible to report data
While reporting MIPS data can seem overwhelming, it doesn’t have to be. As a preferred MIPS reporting partner of MEDENT’s, Patient360 works with clients and your EMR to cut the MIPS workload and ultimately save you money.
Once contracted, reporting MIPS with MEDENT and Patient360 takes just a few simple steps:
Set up your clinic (name, address, TIN etc.)
Enter your providers (bulk NPI upload available, or NPIs can be added individually)
Choose your measures (Six quality measures are required by CMS, but you may track up to 12)
Monitor your performance (periodically check scores and improvements)
Click “Submit to CMS” (Patient360 performs a final scrub before sending submissions via API to CMS)
Although the size of the practice ultimately determines how severe a penalty is for not reporting data to CMS, signing up with Patient360 and MEDENT can save you thousands.
MEDENT users can save cash