We’ve entered the final quarter of 2017 and with it the final chance to record 90 days of MIPS data. Clinicians looking to fully participate in the MIPS 2017 reporting period must submit at least 90 days worth of data to receive full credit. So what does this mean if you haven’t started? There are still options for providers who are required to participate to avoid the 4% penalties.
The 2017 reporting year, and the Pick Your Pace plan allows clinicians to meet a 3% performance threshold to avoid penalties. It is true that you can submit data for 1 measure for 1 patient to receive a neutral payment adjustment in 2019. However, we advise that this participation level will only cause more work in the future.
The year 2 proposed rule for MIPS includes a propsed adjustment to the performance threshold from 3% to 15%. This means that next year clinicians will need to submit more than one quality measure, and data for more than one patient visit to meet the minimum threshold. Gone too is the abiltiy to report for a 90 day period. Clinicians must submit data for the entire 12 month reporting period and not a minimum of 90 days.
What does Access1 suggest? Report as much data as you possibly can in the first year. By selecting 6 quality measrures you are sure to avoid a negative payment adjustment. You will also set yourself up to collect the maximum amount of MIPS data starting January 1, 2018. Don’t wait and play catch-up, get ahead of the game today. An Access1 MIPS coach will guide you through the all areas of the MIPS program.
Next year penalties and bonuses increase to 5%. Many clinicians can not afford to give up 10% of their Medicare reimbursment. Call Access1 today to speak with a MIPS coach, create a plan for 2018, and see how easy it is to secure a bonus.