Depending on the size of your practice, and outcome goal you’re looking to achieve, you can choose how many days you want to participate in the program. The MIPS transition year stated January 1st, 2017 and runs until December 31st, 2017. The most efficient and effective way to take full advantage of MIPS is to take part in a full year. However, submitting data for a consecutive 90 days can still earn you a maximum payment adjustment. You must remember to submit data no later than March 31st, 2018.
- Full- Submit data for a full year. May earn maximum/positive payment adjustment.
- Partial –Submit data for 90 consecutive days. May earn positive, neutral, or max adjustment.
- Test- By submitting the minimum amount of data (for example. One quality measure for 2017), you may avoid a negative payment adjustment.
- Do Not Participate- By choosing not to submit any data at all for 2017 you will earn a -4% payment adjustment. (go into effect January 1st, 2019).
*Note: Now that we are less than 90 days away from December 31st, 2017, you MUST submit at least one quality measure or improvement activity data using the Test option, in order to avoid the outcome of a -4% payment adjustment.