MIPS Trends Through Q2: Two Surprises

Systems4PT has updated all of our practices on their trending MIPS status through Q2.

The motivating news:

Surprise #1: The graph tells the story.

Nearly All Practices Who Use Systems 4PT EMR Are “In the Money” With MIPS

Because of COVID, the only way to earn a MIPS rebate is to score 100 points (which earns the exceptional performance bonus).

While your EMRs is talking down MIPS,

Systems 4PT practices will receive an average of $2,400 of rebates from Medicare in 2021.

MIPS Enables You To Put Thousands Of Dollars In Your Pocket,

With No Extra Work, At No Extra Charge.

Question:       If MIPS is “free money”, why does your EMR discourage it?

The answer:  They lack the technology needed to maximize success w/ MIPS.

(P.S., the same applies to their approach to billing.)

MIPS is Clarifying Which EMRs Are True Technology Leaders

The Concerning News:

Conventional wisdom says, “MIPS is not required”.

Surprise #2:

THE MAJORITY OF OUR PRACTICES WITH 4 or More THERAPISTS

ARE REQUIRED TO SUBMIT MIPS IN 2021

Why it matters:

If you’re required to participate in MIPS but don’t know about it and don’t do anything you can expect to pay a 7% penalty on Medicare payments.

It’s worth 30 seconds of your time to check whether you’re required to submit MIPS in 2021.  The link, below, provides the workflow.

MIPS Requirement Check

Systems 4PT is the Undisputed MIPS Authority in Outpatient Rehabilitation

Systems4PT technology provides:

• Notification if your practice is REQUIRED to submit MIPS data
• A compliant, 10-second workflow, including the 150-300 words of required defensive documentation
• QCDR MIPS submission
• All at no extra charge

Treat More, Type Less™

Learn More About MIPS

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