QPP MIPS Reporting Services

    Here are the points that small practices need to know about the MIPS 2022 reporting requirements and the few steps they can take to get started and prepare for the  MIPS reporting . Small Practice and MIPS Reporting Most of the small practices consider it tougher to avoid the penalty under the Merit-Based Incentive Payment System (MIPS) in 2022. The reason is the higher minimum performance threshold and increased cost category weight. In the 2020 MIPS, almost 9% of MIPS-eligible clinicians in the small practice had received the negative payment adjustment. And this number might get higher this year. Well, some special policies are established for the small practice to ease down their reporting burden. Well, it is important to start early reporting. What Are the QPP MIPS Reporting Requirements for Small Practices? A small practice can be defined as having 15 or fewer clinicians that are identified by their National Provider Identifier (NPI) and the one who bill under the Tax Identif

  All eligible clinicians thinking of participating in  MIPS 2024  must develop performance strategies that will work well throughout the year. The Merit-based Incentive Payment System has proven to be very successful since its beginning. According to one report from CMS, 95% of clinicians took part in MIPS. And this rate kept on increasing until 2019 when virtually 100% of clinicians enrolled for MIPS reporting. However, we can see a sudden decrease in participation due to COVID-19. Later on, the providers defeated the PHE and came back for MIPS reporting with new zest. Right now, we are heading towards  QPP MIPS  with a PFS final rule that is far different from previous ones. Despite the apparent initial accomplishments of 2017 and 2018, there is a harsh reality moving forward. MIPS reporting for providers and other clinicians just became significantly more challenging in 2022. Also, it will become substantially more challenging in 2024. In this blog, we have drawn a passage for MIPS