If you successfully participated in MIPS in 2021, you are reaping the benefits this year. Take a look at a Medicare ERA for a treatment date this year. Your 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 your 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 it is money being deducted from your 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. Call us today to find out how we can do this for you.

Reach out to Systems4PT today to learn how you can streamline your clinic processes with Systems4PT EMR and Revenue Cycle Management