{"id":6141,"date":"2018-06-07T09:11:46","date_gmt":"2018-06-07T13:11:46","guid":{"rendered":"https:\/\/systems4pt.com\/staging\/?p=6141"},"modified":"2018-08-31T11:21:46","modified_gmt":"2018-08-31T15:21:46","slug":"mips-will-it-help-or-hurt-your-practice","status":"publish","type":"post","link":"https:\/\/systems4pt.com\/staging\/mips-will-it-help-or-hurt-your-practice\/","title":{"rendered":"MIPS: Will it Help or Hurt Your Practice?"},"content":{"rendered":"

MIPS: Will it Help or Hurt Your Practice?<\/h2>\n

Most practice owners think MIPS is \u201cjust another big change that we\u2019ll all get used to.\u201d\u00a0 Agreed, we\u2019ve all survived G-codes, PQRS, and Eval Complexity codes.\u00a0 In fact, Systems 4PT\u2019s average collections per claim are higher today than they were in 2012, prior to G-codes.<\/p>\n

But, with each of these former changes, everyone was able to win.\u00a0 That is if 100% of practices submitted perfect G-codes, PQRS, and Eval Complexity Codes, 100% of practices would enjoy full reimbursement and even bonus payments with PQRS.<\/p>\n

MIPS will be different.<\/b><\/h3>\n

The CMS designed MIPS as a \u201cself-funding\u201d program.\u00a0\u00a0 This means that while one practice will receive a payment bonus of 7% (which is expected to increase to 9%), that incremental reimbursement will be funded by some other practice that will be penalized the same 7% to 9%.<\/p>\n

Get it?\u00a0 With PQRS, theoretically, 100% of practices could have received the bonus.<\/p>\n

MIPS will be different.\u00a0\u00a0 <\/b><\/h3>\n

Outpatient rehab is about to be stratified into winners and losers.<\/i><\/b><\/h3>\n

MIPS will require changes in how your practice operates, major changes in your EMR, changes in therapist documentation and coding, and fundamentally new approaches to how you submit data. And many of these changes have significantly longer lead times than the 8 weeks afforded by the CMS\u2019s announcement of the final 2019 MIPS rules, disclosed in November 2018.<\/p>\n

The practices that will succeed with MIPS in 2019 are already planning today.<\/em><\/strong><\/p>\n

It\u2019s a complicated topic with a lot of moving parts.\u00a0 Systems 4PT will be providing a 10-part communication series explaining what MIPS is, what new requirements will exist, and what changes will be necessary to enjoy the reimbursement bonus of 7% to 9%, rather than suffering the penalty.<\/p>\n

To receive these clear and concise updates, enter your email address below, or use the Facebook, Twitter, or LinkedIn icons below to like and follow Systems 4PT.<\/p>\n

MIPS will prove the truth in Jack Welch\u2019s popular quote: \u201cControl your own destiny, or someone else will.\u201d<\/p>\n

Those practices who are engaged today will enjoy a bonus <\/i><\/b><\/h3>\n

that will be paid for by practices who weren\u2019t paying attention.<\/i><\/b><\/h3>\n

MIPS will segregate outpatient rehab into winners and losers<\/strong><\/h3>\n<\/div><\/div><\/div>

Don’t let MIPS Hurt Your Practice<\/h2>\n

Be Prepared with Systems 4pt<\/h2>\n

Sign up for a No-Pressure Demo Now<\/h2>\n<\/div>[contact-form-7 id=\"5393\" title=\"Free Demo_copy\"]<\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":6142,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[56],"tags":[47],"class_list":["post-6141","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-mips"],"yoast_head":"\nMIPS: Will it Help or Hurt Your Practice? - Systems4PT<\/title>\n<meta name=\"description\" content=\"MIPS will be different. CMS designed MIPS as a \u201cself-funding\u201d program. 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