Understand how scores are earned to proactively improve
At the heart of MIPS is rewarding high-value, patient-centered care through higher payments for those providers meeting the program goals. Providers who do not reach those goals, or who choose not to participate, will receive downward payment adjustments.
The first performance period opens January 1, 2017 and closes December 31, 2017. You must start participation by October 2, 2017.
The three components being measured in 2017 and the accompanying percentage of your total score include:
- Quality category – 60%
- ACI category – 25%
- Improvement activities category – 15%
The Financial Impact of 2017 Participation
Here’s how 2017 participation will affect your payments for 2019:
- Non-participation – negative 4% payment adjustment
- Submit something – avoid a downward payment adjustment
- Submit 90 days – may earn a neutral or small positive payment adjustment
- Submit a full year – may earn a positive payment adjustment
For the 2017 performance year, data submission is due March 31, 2018. CMS will provide feedback about your performance approximately six months after you send your data, which means that without a method to internally monitor performance, any performance issues from the 2017 performance year cannot be addressed until almost the end of 2018.
With IgniteMIPS, you can project how your performance will impact your reimbursement and identify ways to proactively improve performance – and therefore, payments.