QPP MIPS 2021 reporting is an opportunity to streamline revenue cycle management, and if medical practices want to take financial matters up a notch, they must be ready to report it with full force.
A better approach or to ensure success in this regard, most
clinicians prefer MIPS consultants. What those experts do is devise a strategy
first and then look at ways that maximize the final MIPS score.
There is no doubt that clinicians do not have enough time to
ponder upon the MIPS reporting strategies by themselves. For 2021, it is
tougher due to the pandemic that is affecting lives in every way possible.
Qualified Registries present a feasible solution in this regard, which we will
discuss later in this article.
Start with Making a Concrete MIPS Data Submission Policy
If physicians want to receive incentives and $500 billion worth
of the bonus pool, they must have a resourceful team at their end to take care of
the administrative load. The reporting rules are simple. The four MIPS
performance categories are there, upon which physicians will be judged for
their quality care services.
Moreover, MIPS 2021 reporting strategy must take into
consideration the percentage of each performance category. Because, if you or
the MIPS consulting services on your behalf do not recognize the potential of
each category, how would you invest efforts in the right direction?
Apart from making a suitable strategy, another factor that
plays a crucial role in the success of data submission is the selection of the
right MIPS Quality Measures.
Select the Right Specialty-Specific Measures
Condensing physicians’ performance into one measure seems
complex, but if it is specialty-specific, it can drive high-quality outcomes
for you. The matter of truth is relevant measures that add more meaning to the
MIPS reporting process.
It also allows CMS (Centers for Medicare and Medicaid
Services) to comprehend your quality-driven efforts more easily. These are
generally defined by a specific data set, and each measure is catered to your
expertise more efficiently.
So, if you report MIPS data with the specialty-specific measures,
chances are you are more likely to gain more points.
With different or abrupt reporting measures, it is difficult
for CMS to measure your performance of any sort. So, to avoid such a case,
where there is a chance of minimizing score, the best strategy is to look into
measures that relate to your medical expertise.
Professional MIPS consulting services often go for this
strategy. They reflect on compiling data that adds to the physicians’
capabilities and help them generate more points in the end.
Consult a MIPS Qualified Registry for Stress-Free Reporting
If you want to succeed in QPP MIPS 2021, you must consult a
MIPS consulting firm for a seamless process. It has many benefits, to say the
least.
A MIPS eligible physician:
- Does not have to keep an eye on the industry’s latest updates
- Can focus more on their primary tasks
- Can report relevant MIPS quality measures
- Has the team at their disposal to compile data accurately
- Has
resources that perform all tasks on their behalf
Having said all that, medical practices can leverage the
professional team of MIPS consultants without having to worry about MIPS
reporting by themselves. These are just a few basic advantages that a medical
practice can enjoy. However, on practical grounds, many things can be enhanced
in terms of quality reporting with experts.
Conclusion
If you take care of these points for MIPS 2021 reporting and consult a MIPS Qualified Registry, you can streamline the whole data submission process. In the end, it is easier to target MIPS incentives and even bonuses just because you make the right choice.
