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Merit-Based Incentive Payment System Update During COVID-19

With Covid 19 people are a little concerned about the merit based incentive pay system so we decided to simplify all the information for you!

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Merit-Based Incentive Payment System Update During COVID-19

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  1. Merit-Based Incentive Payment System Update During COVID-19

  2. Introduction The Centers for Medicare & Medicaid Services (CMS) has released multiple updates to account for the 2019 Novel Coronavirus (COVID-19) pandemic in the Merit-based Incentive Payment System reporting. Information about the COVID-19 is kept fluid and regularly updated by the CMS. MIPS also recommends clinicians to check state and federal health department websites for regular instructions and updates.  So the details below can also serve as merit-based incentive payment system pros and cons. www.softwarefinder.com 02

  3. Second-year performance results are out • A good percentage of clinicians in MIPS — 98 percent — avoided negative punishment adjustment in 2018. A year before, about 5 percent of clinicians received a negative payment adjustment. • Almost 84 percent of clinicians earned an “exceptional performance” position, which resulted in positive payment adjustments ranging from 0.2 percent to 1.68 percent. • Some clinicians — 13 percent — received payment adjustments of 0 percent to 0.2 percent. www.softwarefinder.com 03

  4. CMS has introduced guidance for MIPS during COVID-19 • Medicaid Promoting Interoperability Program for Eligible Professionals • Quality Payment Program: The Merit-based Incentive Payment System (MIPS) and Advanced Alternative Payment Models (Advanced APMs) • APM: Primary Care First (PCF) • APM: Comprehensive Primary Care Plus (CPC+) www.softwarefinder.com 03

  5. Medicaid Promoting Interoperability Program for Eligible Professionals • CMS allows medical professionals who have been rattled by the coronavirus pandemic to submit an Extreme & Uncontrollable Circumstances Application. If approved by the authorities, they will reconsider MIPS performance categories for 2020. • Clinicians must be able to show how their practice has been affected by the pandemic for payment adjustment based on the merit-based incentive payment system. • According to the American College of Cardiology’s summary of the rule changes, CMS will not be using data from the first six months of this year to calculate any of its quality metrics for 2020.   www.softwarefinder.com 03

  6. Conclusion • So if you think these features would be appropriate for you and your practice, but are not fully sure you can go ahead and give us a call so we can provide you with a free consultation. Call us on (681) 384-7070 and talk to one of our representatives for a better idea about this EMR system! www.softwarefinder.com 03

  7. + 1 (661) 384-7070 | info@softwarefinder.com Thank you We are the #1 place to start your software search www.softwarefinder.com

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