tci Medicare Compliance & Reimbursement - 2023 Issue Q1

MIPS Value Pathways: Know These 7 Facts on MVP Participation

Tip: Transition to MVPs sooner rather than later, CMS advises. If you meet the low-volume threshold to participate in the Merit-Based Incentive Payment System (MIPS) for the 2023 performance year, you may want to consider the MIPS Value Pathways (MVPs) option — while it’s still voluntary to do so. Reminder: The MACRA-mandated Quality Payment Program (QPP) was designed to promote value-based, cost-effective care. Participating providers are incentivized with performance-based payment adjustments for services rendered to Medicare beneficiaries. If these MIPS-eligible clinicians necessary measure and activity requirements for a performance year in a timely manner, they receive a positive...

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