Are You Prepared to Earn MIPS Incentives 2021?

As we are approaching the end of 2021, medical practices are attempting to capture the most of their value-based services. We are talking about the MIPS 2021 program that helps clinicians achieve maximum financial independence via incentives and $500 million worth of bonuses. However, they are also looking for MIPS Qualified Registries to assist them in abiding by the tough CMS rules and policies.

MIPS Reporting Is Essential for Every Clinician 

To be honest, we are just a few months far from the reporting period. And, all eyes are on the administrative load. Physicians do not have much time to cater to reporting methods efficiently. Therefore, the better option is to consult MIPS consulting services nominated by CMS. Otherwise, there is a chance of financial disintegrate.

Why Participate in MIPS 2021?

Of course, MIPS encourages physicians to focus on their primary operations without having to worry about the data documentation.

Under QPP MIPS data submission, clinicians have a chance to prioritize quality over quantity. Moreover, another factor that this program pays heed to is to curb the increasing value expenditure in the healthcare industry.

Here is the tidbit of what this program settles for.

 MIPS data reporting encourages medical practitioners to:

     • Use technology to optimize the patient care methods (diagnosis, treatment, medication)

     • Efficiently use resources for patient treatment

     • Adopt various yet quality ways over costly procedures

These are just a few points to capture the essence of MIPS reporting. However, the successful MIPS data submission 2021 will make you earn MIPS incentives, supported through high performance instead of the number of patients. 

QPP MIPS Promotes Quality Healthcare Services

The healthcare industry’s dynamics are changing. Especially, in this technology age, the only way forward towards progression is to adopt the technology.

It is also the truth that modern clinicians have to stay true to the care standards in every matter, from resources to treatments. We have a few tips to enhance MIPS points that medical practices must implement in order to maximize their performance.

1. Implement Certified EHR Technology

Physicians cannot maximize their score in the MIPS Promoting Interoperability (PI) category without implementing 2015 Certified EHR technology.

Clinicians can compromise on anything but the certified data documentation system is inevitable. Also, you have to use the 2015 version, if not the latest one.

Investing in EHR technology is within the best interests of medical practices. It will offer further mileage to their efforts. Moreover, medical billing services can save time and energy and give room for medical practitioners to do their operations vigilantly.

2. Concentrate on MIPS Reporting Needs

There is a list of reporting requirements that each MIPS eligible medical practitioner should abide by to perform well in the quality program. For instance, amidst the Corona situation, CMS allowed relaxation in some areas. Moreover, we could also see the performance threshold has been raised.

Thus, clinicians ought to pay full attention to the reporting requirements. For that, they can consult a MIPS Qualified Registry to select acceptable specialty-specific quality measures. 

3. Outsource Administrative Load to Professionals 

We have seen several incidents wherever physicians took the responsibility of MIPS reporting on their shoulders and failed miserably.

Here the MIPS Qualified Registry can help you handle all the administrative tasks and submit data in 2021 timely.

Government policies keep changing, so as a medical practitioner, it's troublesome to get into details of each matter.

However, with a knowledgeable team at your disposal, staying up-to-date is easy. Moreover, you'll be able to ultimately earn high points in QPP MIPS reporting 2021.

Conclusion

In this article, 3 golden rules depict if a practice is prepared to thrive in MIPS. Therefore, each medical practitioner must upgrade and look for help in matters that are out of their hand. Only then they can guarantee quality standards for patients and earn high MIPS incentives in return.