Merit-Based Incentive Payment System (MIPS)

We can help.

The new MIPS program from the Centers for Medicare & Medicaid Services (CMS) increases the penalties imposed and incentives available for submission of specific information. The impact will be up to 4% of your applicable medicare billing in 2019, based on 2017 submissions, and the impact will increase in subsequent years. It is important for physicians to understand their options to avoid potential penalties.

What is MIPS?

On October 14, 2016, the Department of Health and Human Services (HHS) implemented the Quality Payment Program (QPP) part of the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA). MACRA replaced three Medicare reporting programs (Medicare Meaningful Use, the Physician Quality Reporting System, and the Value-Based Payment Modifier) with MIPS. MACRA defined four performance categories for MIPS – all relating to quality and value of patient care.

QUALITY • IMPROVEMENT ACTIVITIES • ADVANCING CARE INFORMATION • COST

Questions to ask NOW to prepare for the January 2017 start of MIPS?

  • Does MIPS apply to me?
  • Will I report data as an individual or as a group?
  • How do I want to start in 2017?  Ease into the program through Pick your Pace or fully participate for maximum reimbursement opportunity.
  • What measures will I choose?
  • How will I submit?

Maximize MIPS Composite Score using the Vascular Quality Initiative

The Vascular Quality Initiative (VQI) is a distributed network of regional groups that use a Patient Safety Organization and the M2S PATHWAYS cloud based system to collect and analyze data to improve the quality of vascular health care. We can help you:

  • Utilize data to understand provider and practice variation for quality improvement.
  • Evaluate your performance against regional and national benchmarks.
  • Identify Quality Improvement Projects for your center.
  • Request national blinded data sets to research specific questions.
  • Maximize your MIPS Score by participating in VQI, an AHRQ Patient Safety Organization and the Qualified Clinical Data Registry (QCDR)*
*Many data and quality improvement activities that are the foundation of the Society for Vascular Surgery Patient Safety Organization (SVS PSO) and VQI will fulfill several requirements of MIPS, however, the SVS PSO cannot publicly report data to CMS. M2S can submit your data through the VQI QCDR if desired.

WEBINAR RECORDING: Preparing Your Practice for Medicare’s New Quality Payment Program: Quality Reporting Made Easy, December 15, 2016

WEBINAR RECORDING: Merit-based incentive Payment System and Advanced Alternative Payment Models for Vascular Surgeons, July 2017

WEBINAR RECORDING: Q&A Town-Hall Webinar – Learn More About Medicare Reimbursement, Effect on Practice, September 2017

Contact us today to take the next step toward your MIPS sucess. Our specialists can be reached at 603-298-5509 or vqi@m2s.com.

OTHER HELPFUL RESOURCES

QUALITY PAYMENT PROGRAM – a CMS website

DISCOVER THE M2S PATHWAYS PLATFORM
CONTACT US