The 2018 MIPS Reporting Year maintains many of the key features outlined within the 2017 reporting year with a couple added features designed to streamline usage and encourage participation in the program. 2018 MIPS, like the 2017 reporting year, is considered a transition year for which, the reporting year runs from January 1st, 2018 through December 31st 2018 with a submission window of January 1st 2019 through March 31st 2019 with a payment impact to occur in 2020. The diagram below depicts the MIPS category scoring changes in 2018 with detailed explanations underneath:
To summarize the MIPS Category scoring adjustments in 2018:
- The Quality category drops from 60% of a provider or practice’s Composite Performance Score (CPS) to 50% of their score in 2018.
- The Improvement Activities category remains the same at 15% of a provider or practice’s CPS in 2018.
- The Advancing Care Information Category remains the same at 25% of a provider or practice’s CPS in 2018.
- The Cost category, new for the 2018 reporting year, will encompass 10% of a provider or practice’s CPS in 2018.
The payment impact from the 2018 MIPS reporting year also jumps from 4% to 5% of a provider or practice’s Medicare revenue with further increases under future MIPS reporting years. This leads to greater emphasis on reporting under all MIPS categories to optimize your Composite Performance Score and achieve higher reimbursements under the program. Practices that work with experienced MIPS vendors like ReportingMD with complete reporting, submission, and full bonus point capabilities are in the best situation for success under the 2018 MIPS reporting year.