MIPS Consulting

Demo

NEO MD MIPS Consulting

NEO MD MIPS consultant will finalize the outline of the program within one week

This will include the below steps:

Step 1: Decision on how to report: EHR, Claim or Registry or a combination of manual data
entry into Registry and Claim based reporting.
Step 2: Review the measure options currently available. Take note on which of the outcome
or high priority measures you can most expeditiously report.
Step 3: Determine whether the physician will be avoiding the penalty or go for a possible
bonus and the size of bonus you would like to obtain. That is also dependent upon the time
in which the physician signs up.

NEO MD will work across all category

a. Data Analysis.
b. Measure selection.
c. Selection of reporting option.
d. Selection of reporting mechanism.
e. Submission of data to CMS certified registry

MIPS Registry Stamp

NEO MD MIPS 2022

NEO MD is the 2022 CMS Certified Registry that provides submission and consultancy services to all specializations.

NEO MD 2022 MIPS Consulting services

“Consulting services for practice optimization workflows, documentation, training, and reporting of Merit-based Incentive Payment System (MIPS)

  • Data collections guidance, Performance Feedback reports, and Data extraction guidance
  • Analytics are available at facility and NPI levels.
  • Automated data validation Audit Process.
  • Data Submission to the Centers for Medicare & Medicaid Services (CMS).

For more details, please call at (929) 502-3636 or email at registry@neomdinc.com“

MIPS Score

2022 MIPS Performance Category Weights

MIPS is the program that will determine Medicare payment adjustments. Using a composite performance score, ECs (eligible clinicians) may receive a payment bonus, a payment penalty, or no payment adjustment. Payment adjustments for the fiscal year 2022 may vary from -9 to +9%.

What does MIPS mean in healthcare?

The MIPS in healthcare is the program that will determine Medicare payment adjustments. A composite performance score has been used in this program, and eligible clinicians may receive a payment penalty, bonus, or no payment adjustment.

How many performance threshold points are required to avoid the 2022 MIPS penalty? 

In 2022, the CMS has set a minimum performance requirement of 75 MIPS points (up from 60 MIPS in 2021), the mean final score from the 2017 performance year. To avoid a MIPS penalty the following year, clinicians must obtain a final MIPS score of at least 75 points.

What is MIPS quality reporting?

MIPS Quality category replaces the Physician Quality Reporting System (PQRS), requiring eligible clinicians to provide data to CMS on quality measures such as patient outcomes, proper use of medical resources, efficiency, patient safety, patient experience, and care coordination.

What is MIPS and MACRA?

The Medicare Quality Payment Program (QPP) was created by the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) to reward high-value, low-cost treatment. MACRA is a healthcare legislative act and it was signed by President Obama on April 16, 2015. Eligible clinicians choose one of two payment tracks each year: the Merit-Based Incentive Payment System (MIPS) and An Alternative Payment Model (APM). According to the CMS, MACRA establishes a new payment mechanism that compensates healthcare providers for providing better care rather than more service.

How do you qualify for MIPS?

In order to be MIPS eligible as an individual clinician, you must meet the following criteria:
·         Be identified as a MIPS eligible clinician type on Medicare Part B claims,
·         Prior to 2022, you must have enrolled as a Medicare provider,
·         Not be a participant in a Qualifying Alternative Payment Model (QAPM), and
·         Individually, exceed the low-volume threshold.

Is MIPS for Medicare patients only?

No, MIPS (Merit-Based Incentive Payment System) reporting of individual measures applies to all patients.  And CMS documentation determines a measure’s eligibility (denominator criteria).

What does MIPS stand for?

The Merit-Based Incentive Payment System (MIPS) is the program that will regulate Medicare payment adjustments.

For More Information:

2022 MIPS Guide
MACRA & Role of MIPS Consultant