MIPS 2021 reporting, MIPS Qualified Registries, revenue cycle management, MIPS 2021 score, MIPS incentives

MIPS 2021 Reporting Period Opens Now!

The QPP MIPS 2021 reporting period has started, and the deadline extends to March 31, 2022. Although, CMS has offered flexibility in many aspects! However, without accurate and reliable reporting, eligible clinicians can lose many revenue-generating opportunities.

For instance:

  • Up to 5% of MIPS incentives
  • Qualification for $500 million bonus pool
  • Reputation in the Physicians’ Portal

Tough Time for Physicians Have Started

MIPS eligible clinicians have now two months to report their data. They or their MIPS Qualified Registries have the time to review data and make the necessary adjustments. There are four basic MIPS performance categories.

  1. Cost
  2. Quality
  3. Improvement Activities (IA)
  4. Promoting Interoperability (PI)

The interested participants only have to submit data for three categories. CMS (Centers for Medicare and Medicaid Services) automatically measures performance in the Cost category by looking into the claims.

How Does P3care Help Physicians?

MIPS consulting partner like us can make your reporting process easy and reliable. With dedicated resources in hand, each medical practice can report data that adds to its revenue cycle management.

Be Free from the Administrative Load

Of course, the administrative load has been one of the major issues in the healthcare industry. No one can deny the fact that if physicians stay caught up amidst the documentation, they cannot stay focused on their primary tasks.

So, if clinicians want to win the MIPS reporting 2021 game, they should take help from a professional. To aid the processor for a high MIPS 2021 score, clinicians also have to meet certain requirements.

Why Is Timely Data Submission Necessary?

To target MIPS incentives, CMS has a set deadline. And to observe the strict deadline is particularly important simply because the authority has to consider performance from hundreds and thousands of physicians across America. With an extension in the deadline, CMS would never really compare performances and grant points in MIPS 2021 reporting.

Thus, to ensure success, physicians must know that this is the time to get started! If you need help in this regard, team p3care is here

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The Deadline for MIPS 2020 Performance Year Targeted Review Extended

The impact of covid-19 is still not over. We are feeling its after-effects, to say the least. And MIPS reporting services are no exception in this regard.

Due to the lag in 2020, CMS (Centers for Medicare and Medicaid Services) extended the deadline for its targeted review.

The deadline extends to November 29, 2021, until 8 p.m. ET. Now, clinicians, groups, virtual groups, and Alternative Payment Model (APM) entities can request reweighting any category. However, it all happens under the Extreme and Uncontrollable Circumstances (EUC) policy.

Why Is EUC Deadline Extension for MIPS 2020 Reporting Serious?

Well! Now, all MIPS 2020 eligible clinicians have the authority to review their final MIPS score, individually or as a group. Moreover, they can also go through their MIPS payment adjustments

It is also important to review every single detail in order to avoid penalties of any sort. Because it is observed that some clinicians have also received a penalty for reporting Medicare Part B claims in 2020.

What This Program Is All About?

Under the EUC policy, CMS is also granted to reweight any category to 0% in case of the no MIPS 2020 data submission. However, this condition applies only to MIPS-eligible clinicians that qualify for group, virtual group, or APM entity participation.

Having said that, if any medical practice compiles Medicare Part B claims for 2020 as an individual and group! It could lead to negative payment adjustments for clinicians who were not eligible to report as individuals but the group.

So, Review Your MIPS 2020 Data Scrupulously!

MIPS 2020 eligible clinicians must take this opportunity to review all their data as an individual and group to keep a check on the impact on the non-eligible clinicians of their facility.

What you or your MIPS reporting services can do on your behalf is to see if your group data meets the performance threshold. If yes, it is fine. Otherwise, ask for a review for a score below then 45 MIPS points.

So, hurry up! Time is running out.

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QPP MIPS 2020 Feedback Is Available for Review

You heard it right. The Centers for Medicare and Medicaid Services has officially released the feedback for the MIPS Reporting 2021 period. Now clinicians have the chance to review their final score and the MIPS payment adjustments, which they still receive in 2022.

Why This Review Matters?

This review is an opportunity where you are more than welcome to look into details and check if there is any issue or error in the processing of your submitted data.

MIPS data reflects your performance for the whole year, and clinicians pay attention to this process throughout. They spend time understanding the reporting requirements that MIPS CMS mentions. However, it is a hectic process and requires careful diligence. A MIPS Qualified Registry becomes important in this regard.

Why it’s High Time to Consult a Reporting Registry?

MIPS consultants will give you the ease to cater to the administrative load without any stress. CMS has tough requirements and tougher reporting details that cannot be missed. The resources seem to provide the professional documentation that ultimately adds up to your score.

Now, when there are a few months left for MIPS 2021 reporting, MIPS Qualified Registries are also gearing up to manage their clients. Physicians! They are the most suitable or convenient option among the data submission methods because they offer reliability and transparency in all matters.

Another plus point that such associations can offer is the accuracy of measure selection that safeguards the interests of clinicians.

So, it is better to review 2020 feedback and look for all the errors that somehow reflected on your score wrongfully.

You Can Call For a Review until October 01, 2021

Now, when you can go through the MIPS data and review your performance and payment adjustments, you can know about the payment adjustments that you will be receiving in 2022.

And, if there happen to be any errors, clinicians can apply for targeted review to CMS for reassessment and readjustment. However, you have a deadline until October 01, 2021, 8:00 PM (ET).

The good news is if you were already in touch with the MIPS consultants, you would have no problem in recognizing areas where CMS misinterpreted your data. You would already access how much MIPS score and what percentage of incentives you should get.