ReportingMD provides population health solutions. We support networks and hospitals in the Merit-Based Incentive Payment System (MIPS).
The Merit-based Incentive Payment System (MIPS), moves Medicare Part B fee-for-service providers to a framework for incentivized payments that includes a penalty for non-compliance or poor performance. MIPS uses the requirements from previous programs and places them into a single complex program that consists of 4 categories. Incentive performance under the program is measured by Quality, Improvement Activities (IA), Promoting Interoperability (PI), and Cost. The sum of these four weighted category scores will determine the final MIPS score and resulting payment adjustment.