CMS states that up to ninety-eight percent of the eligible clinicians are expected to receive positive payments in 2020 for the year MIPS 2018. The rate is five percent higher than the previous year.
In the upcoming year, the trend of incentives and reimbursements is going to increase as the quality reporting is supposed to improve via MIPS Value Pathways (MVPs). MVPs will be operational from next year.
MVPs – A Chance to Succeed for Everyone
In order to translate practice’s expertise in the true sense, we must adopt MVPs. Small medical practices and medical facilities in rural areas irrespective of their operational size can earn rewards for their rendered services. Seeing the numerous benefits of the MIPS program, rural medical facilities are participating more and more each year. Statistics show that there was a rise of four percent in QPP MIPS participation from 2017 to 2018.
The Report Card for MIPS 2018
CMS has published the results for MIPS 2018 participation. 889,995 eligible clinicians have reportedly received positive payment adjustment, and 872,148 of them have received neutral payment adjustment.
Seema Verma, CMS administrator is quite happy with the results as it depicts the higher number of physicians opting for quality healthcare delivery systems. The quality outcomes also credit the vision of empowered and cost-effective healthcare industry.
Despite the administrative burden, more and more participants succeed in the QPP MIPS. It is due to the lower performance thresholds, which ultimately reflect on payment adjustment. Moreover, CMS doesn’t want to jump up the positive payment adjustment, as it has to be balanced with the negative payment adjustments.
MIPS Future Holds Higher-Performance Thresholds
CMS has planned to make higher thresholds for exceptional performance to reduce the reward distribution. They are working on a strategy to reward physicians who continuously invest in the quality of healthcare and interoperability, and help patients in many manners. This can be seen in the gradual increase in the performance bar for penalties and bonuses.
Seema Verma also hints on supporting clinicians via reducing the burden and providing opportunities for meaningful services. The No-cost Small, Underserved and Rural Support initiative tends to lend a hand with technical assistance for smooth and optimized performance in the healthcare sector.
This program also creates awareness about the quality care and payment model along with helping eligible clinicians with participation in MIPS.
With the research and taking into account what physicians bring to the table, the future reporting criteria is estimated to only include a framework that flows without stressing physicians unnecessarily.
CMS also wants participants’ feedback on the MVPs’ developments. They are looking forward to advancements that help them drive value to the healthcare industry in terms of payment models, lower administrative burden, and cost-effective patient outcomes.