Providers around the nation consistently voice their opinion that the Merit-Based Incentive Payment system (MIPS) is an unnecessary administrative burden that negatively affects their desire to provide high-quality healthcare for their patients. Realistically, when approached correctly using a vendor like ReportingMD, the MIPS Program is a financial opportunity and not just a data problem to struggle through at the end of the year.
With the ever-changing MIPS program complexity, additional reporting categories, and increased revenue impact, providers that are willing to “play the MIPS game” as opposed to simply submitting some data are the ones that are reaping the financial rewards of participation. MIPS excellence bears little resemblance to simple MIPS reporting and several of the key features behind excelling within the program include:
- Executive engagement
- Robust data integration
- Detailed program strategy
- Dedicated clinical team
The MIPS program experts at ReportingMD have years of pay-for-performance strategy building and guidance experience and can leverage years of success to engage with practices at any level to identify the best approach in achieving MIPS excellence. Our Total Outcomes Management (TOM) application combined with our program experience and industry-leading service give us the ability to optimize provider MIPS scores and maximize the potential revenue back into provider pockets without sacrificing the key components that allow physicians to efficiently and effectively care for their patients.