The Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) modernized how doctors are paid for their Medicare patients, increased efficiency, and reduced the cost for taxpayers. As part of MACRA, the Merit-Based Incentive Payment System (MIPS) was put in place. MIPS assess Medicare doctors and clinicians to give them a score, determining how much compensation the practice will receive from the government. Each year, [...]
MIPS measures and MACRA measures are becoming more and more important for healthcare providers to begin understanding as reporting deadlines get closer. Regardless of whether your practice participated in CMS' Meaningful Use incentive program, it's in your best interest to pay attention to upcoming MACRA and MIPS deadlines. By not participating or sending any data to CMS, providers will automatically incur a negative 4% payment adjustment on Medicare [...]
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