Merit-Based Incentive Payments System (MIPS)

What does MACRA mean for healthcare practices?

The Medicare Access & CHIP Reauthorization Act of 2015 (MACRA) is part of CMS’s latest push toward value and quality. This legislation is responsible for many of the new changes, including the repeal of the Sustainable Growth Rate (SGR) Formula, revisions to how Medicare rewards clinicians for value over volume, and creation of bonus payments for participation in eligible alternative payment models (APMs).

Under MACRA, the most immediate and monumental change that will affect your practice is the new Merit-Based Incentive Payments System (MIPS), which streamlines multiple quality programs.

MSOC is ready to help with 2017 MIPS Consulting

Customized MIPS Package for your Medical Practice

Designed to help you maximize your Medicare revenue under Medicare’s MIPS. MSOC Health is offering practices a comprehensive consulting package to help practices get ahead. This includes:

  • Customized education to help you understand requirements and financial impact on your practice
  • Recommendations for a comprehensive plan to help you:
    • Select reporting as a group or individual clinicians
    • Identify the best quality measures and quality reporting approach for your practice
    • Evaluate your QRUR reports to understand historical resource use and steps you can take to improve scores in this area
    • Identify appropriate clinical performance improvement activities to achieve the full 15 points assigned to this component
    • Revisions based on final rule expected to be released November 2016
  • Assistance in obtaining an EIDM login required to receive CMS feedback reports if needed
  • Quarterly review of performance in all four components and calculation of Composite Performance Score for 2017 year-to-date
  • Assistance with attestation and/or data submission in January-February 2018; access to MSOC discount codes for selected Qualified Registries
  • Reminders of program deadlines applicable to your practice
  • Unlimited questions and answers via email or phone regarding 2017 submission
  • Review of 2017 results and assistance with informal review/appeal process if needed

Avoid the MIPS Penalty Package

If you don’t participate in MIPS for the 2017 reporting year, you will receive a 4% reduction in Medicare payments in 2019.

To avoid the penalty, you must report data to CMS based on services provided in 2017. If you don’t have a MIPS plan and you aren’t already collecting data to report, you need to get started.

MSOC Health is offering a special consulting package designed to educate you about the MIPS program and quickly develop and implement a plan to avoid the penalty. Our Avoid the MIPS Penalty Package is $500 and includes:

  • Access to a recorded webinar on MIPS – how it works and options for avoiding the penalty. You and your staff can review the webinar recording as many times as you’d like until March 2018.
  • A remote meeting with a MSOC Health MIPS consultant to help you select the best approach to avoiding the penalty
  • Assistance with reporting your 2017 MIPS data to CMS

Want to learn more or get started?

Contact MSOC practice consultant Jeanne Chamberlin at J.Chamberlin@msochealth.com or 919.442.2422 for pricing information and more details on the MIPS consulting package.

Ready to get started?

Email MSOC practice consultant Jeanne Chamberlin or call her at 919.442.2422.

MSOC offers a full range of practice consulting services

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