BC Advantage - 2023 Issue 9

The Evolution of MIPS and Understanding the Upcoming Changes

In the world of healthcare, the Merit-Based Incentive Payment System (MIPS) plays an instrumental role in incentivizing providers to deliver high-quality, efficient patient care. However, staying up to date with MIPS can be a challenge as the program is subject to continuous changes and updates. This article aims to provide a comprehensive understanding of MIPS, discuss its current impact, and delve into upcoming changes announced by the Centers for Medicare & Medicaid Services (CMS). Understanding MIPS The Merit-Based Incentive Payment System is part of the Quality Payment Program (QPP) established by the Medicare Access and CHIP Reauthorization Act...

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