HOW MUCH IS MIPS GOING TO HURT MY PRACTICE?
If you’re an individual or group planning to participate in MIPS, you should be aware that you must begin engaging in your chosen activities by no later than Oct. 2 in order to complete the 90 days of participation requirement in 2017. If you do not plan to complete 90 days worth of measure(s), it is still in your interest to report something. Not completing at least the bare minimum will cost you big later. How big? How about 4%? Some examples….
If your monthly Medicare revenues are 30K, you will lose 14-15K yearly
If your monthly Medicare revenues are 50K, you will lose 24K yearly
If your monthly Medicare revenues are 100K, you will lose 48K yearly
I am not aware of any practices that would be comfortable taking a hit like this. If you would like help in avoiding these penalties, please call me for help.
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Time for a MIPS Fact Check
Is it better to submit more or less Quality measures to the MIPS program? Should you report as an individual or a group? How about just doing the bare minimum to get by this year? If you're not sure, it's time for a MIPS Fact Check. As the middle of the year approaches, members of the healthcare community are focused on what to do about MIPS. MIPS, the Merit-based Incentive Payment System is a new quality reporting program from CMS. The program combines the previous PQRS, Meaningful Use and Value-Based Modifier programs into one comprehensive program. While many aspects of these old programs remain the same, unfortunately there are many complexities added to these programs that can easily trip you up. So to help you avoid these pitfalls, ESC Medical Billing has checked the top 10 MIPS facts with our patented truth-o-meter (definitely not patented) to help you identify some of the misconceptions around MIPS and to alert you to some of the true “gotchas” of the MIPS program. 1. MIPS pays clinicians based upon performance. TRUE Unlike in previous years, the MIPS program will reward you with incentive funds based upon your level of performance with your measures and your total MIPS score. Keep in mind two things. Firstly, the better your measure performance is, the higher your total MIPS score will be. Secondly, the higher your MIPS score, the higher the increase to your 2019 Medicare fee schedules. The MIPS program is a what they call a “Budget Neutral Program,” which means the penalties of the worst performers (i.e. those who don't participate) feed the incentive funds of the best performers. Those who do not participate in MIPS at all will receive a -4 percent reduction to their Medicare reimbursement funds. The money collected from those penalty fees will be fed to the top performers. And how do you become a top performer? By having a total MIPS score of 70 or above you will be eligible to receive that money. FACT: Positive adjustments are based on performance data submitted not on amount of data or length of time submitted. 2. Reporting more than the required six Quality measures gives you more points in the Quality category. FALSE Logically it makes sense, right? “Hey CMS, I've got eight Quality measures to submit to you because I'm awesome.” Well, you're probably awesome, but unfortunately submitting more than six Quality measures is actually not the best idea. You should aim to submit no more or less than the required six measures. If you submit more than six measures, CMS will choose on your behalf which six measures to count. The measures that they choose will count toward your score in the Quality category. Remember, we learned that performance matters because it impacts your score in the category and ultimately effects how much money you could potentially earn as an increase to your Medicare fee schedule. If you submit less than six measures, you won't maximize your points. But we will talk about that a little later in this post. FACT: If you submit more than six Quality measures to MIPS, CMS will decide which of those submitted measures will count toward your Quality category score. 3. There is no case minimum for Quality measures. FALSE There is a case minimum for all Quality measures that you submit to the Quality category of MIPS. All measures must contain at least 20 cases in the denominator. Also note that the case minimum for the All Cause Readmission measure is 200. But that is not the only thing to consider when submitting your Quality measures. In addition to the case minimum requirement, there is a data completeness requirement. This states that 50 percent of an Eligible Clinician's patients must be included across all payers. So, your data must meet a minimum number of cases and reach a completeness threshold for successful submission. FACT: There is a case minimum and data completeness requirement for all Quality measures submitted to MIPS. 4. Submitting Quality measures via electronic submission earns you bonus points. TRUE Submitting your Quality measures via certified technology (CEHRT) is an easy way for you to rack up six bonus points in MIPS. For each Quality measure that is electronically submitted via CEHRT you'll receive one bonus points. And since you will be submitting no more or less than six quality measures (right?) you can receive a total of six bonus points. FACT: By submitting all six Quality measures via electronic submission you will automatically earn six bonus points. 5. You must report either as a group or an individual across all MIPS categories. TRUE In 2017, MIPS has three categories that all Eligible Clinicians must successfully complete. Those categories are: the Quality, Improvement Activities and Advancing Care Information categories. If you choose to report as a group in the Quality category, then you must submit as a group in the Advancing Care Information and Improvement Activities categories as well. You cannot submit as a group for one and as an individual for the other or vice versa. FACT: You must report either as a group or an individual across all MIPS categories. 6. To fully participate in MIPS, you must submit a full year's worth of data. FALSE There are three ways to participate in the MIPS program this year. By choosing any one of these options you can avoid a negative adjustment to your 2019 Medicare fee schedule. You can “Report Something,” “Report Partial Year” or “Report Full Year.” As confusing as it sounds, choosing the “Report Full Year” option means you can submit a minimum of 90 days or up to 365 days of data for the MIPS categories. Below is a breakdown of the requirements for each reporting option. Option 1: Report Something
Report 1 Improvement Activity measure OR
Report 1 Quality measure OR
Report ALL Base Advancing Care Information measures
Option 2: Report Partial Year (minimum 90 days)
Report some Improvement Activity measures AND
Report some Quality measures AND
Report ALL Base Advancing Care Information measures plus 1 or more Performance ACI measures
Option 3: Report Full Year (90 days up to full year)
Report High and/or Medium weight Improvement Activity measures for 90 days AND
Report 6 Quality measures including 1 Outcome measure for 90 – 365 days AND
Report ALL Base and some Performance Advancing Care Information measures for 90 days
FACT: The option to “Report Full Year” means that you may report data for a minimum of 90 days up to 365 days of the year. 7. There is no downside to reporting the minimum amount because you won't lose any money if you meet the minimum requirements. FALSE Of course there's a downside! One of the biggest reasons you should carefully work through your MIPS requirements is because, as we said before, performance matters. The data that you submit will be viewable by consumers on websites such as Physician Compare. And if that's not a big enough factor to motivate you to action, consider that in the first year of MIPS you have an opportunity to earn sizable increases to your Medicare fee schedule. Remember that those who don't submit to MIPS will pay the top performers. So if you plan to submit to MIPS at all why not get rewarded for doing it? FACT: Fully reporting to MIPS could earn you sizeable bonuses to your 2019 Medicare fee schedule. 8. One TIN can support multiple clinicians who may not have any relevant measures to report. TRUE This is true and can be quite helpful for clinicians who are struggling to find appropriate measures to report. Two or more Eligible Clinicians can report as a group if they reassign their billing rights to the same Tax Identification Number (TIN). By reporting as a group, only one clinician's data needs to be submitted and it covers the requirements for the entire group. The results of that clinician's submission will be combined to determine the group MIPS Composite score and also the group Medicare fee schedule adjustment.
See original article here http://www.modernhealthcare.com/article/20170501/SPONSORED/170509984
Fact checking by MediSolv.