Are you getting a positive payment adjustment from CMS this year?
If you successfully participated in MIPS in 2021, you are reaping the benefits with a positive payment adjustment from CMS this year! Take a look at a Medicare ERA for a treatment date this year. The incentive payment will be coded as CO-144. It will appear as a negative number, but in the crazy world of accounting, that is money added to the payment. Now notice the amount that is coded CO-253. This is the 2023 sequestration cut in payment. It appears as a positive number, but money is being deducted from the payment.
If you did not successfully participate in MIPS, you would be losing $1.92 for this date of service due to sequestration. As a result of your successful participation in MIPS, you receive a bonus of $2.20 which wipes out the sequestration cut and still gives you an additional $0.28 for this date of service.
95% of Systems4PT clinics achieve a positive payment adjustment by utilizing our built in MIPS prompts. Are you getting a positive adjustment payment from CMS this year thank to your EMR? If not, call us today to find out how we can do this for you.
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At Systems4PT we provide an ALL USA BASED team that gets you PAID MORE, PAID FASTER, that COSTS LESS, and we only get paid AFTER you get paid!