MIPS in healthcare doesn’t leave you with many alternatives except for Alternative Advanced Payment Models (APMs). Therefore, clinicians, once they are eligible, have to go through MIPS reporting whether they like it or not. Hardship exceptions are there, and practices in rural areas are allowed certain flexibility accordingly.
Medicare Access and CHIP Reauthorization Act (MACRA) is bipartisan legislation turned into law on April 16, 2015. President Obama did the honors back then. MACRA displays as an image on this page, branching out into several subprograms. That is indeed the power of MACRA law in actuality.
Moreover, it created the Quality Payment Program, MIPS, and AAPMs. After the success of QPP 2018 and QPP 2019, you have to look forward to QPP 2020-21.
MIPS & MACRA function side by side. For a fact, MIPS 2020, like in the previous years, bases itself on quality, value, and accountability. As long as the purpose is met, eligible clinicians (ECs) have nothing to lose and everything to gain. More so, MIPS incentives are there to provide the right impetus to your practice.