10 MIPS Facts That Matter Most
- If Your Practice Volume Is Below the Minimum,
You’re Not Required to Participate in MIPS
- Your practice is exempt from MIPS:
- If your practice was paid less than $90,000 from Medicare in 2018, or
- If your practice treated fewer than 200 Medicare patients in 2018
- If Your Practice Qualifies for MIPS, You Can’t Submit on Paper
- Qualifying paper-based practices are guaranteed to be hit with the MIPS takeback
- In 2020 You Can’t Use “Just Any EMR.” MIPS Requires That You Use A “Certified” EMR
- PQRS without a certified data registry is a losing proposition
- Only 5 codes can be submitted via claims-based PQRS submission vs. 6 allowed with a certified data registry
- “Quality” Represents 50%, or more of the MIPS score
- Do you know your therapists’ outcomes by body region?
- Today, many practices are focused on improving progression stats. You need to do the same, or you’ll fall behind
- The CMS Is emphasizing interoperability and is pushing the industry toward electronic data exchange
- Interoperability is the ability to share data, electronically, with healthcare providers and payers
- Most EMRs are not interoperable
- Small Practices That Are Excluded from MIPS Should Not Celebrate
- Referring doctors will quickly become reliant on real-time, interoperable data, and will avoid fax-based practices
- Commercial Payers Are Expected to Join APMs and may participate with MIPS in the future
- The CMS is said to be encouraging the major commercial payers to also adopt MIPS protocols
- The MIPS Takeback Is 75% Larger Than What You’re Thinking
- For years, the term “4% takeback” has been used to describe MIPS
- Be aware, in 2019, the MIPS takeback is 7%
- The takeback increases to 9% from there, and remember, major commercial payers will be included
- The MIPS Tsunami Is Just Beginning
- MIPS is designed to segregate outpatient rehab into winners and losers.
- And the Losers will pay the winners
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