January 4, 2019, Wisconsin Medical Society Medigram
The reporting deadline for the Merit-based Incentive Payment System (MIPS) portion of the Centers for Medicare & Medicaid Services (CMS) Quality Payment Program is only a few months away, and eligible clinicians who don’t report measures by the March 1 deadline will face a 5% Medicare reimbursement penalty in 2020.
Any physician, physician assistant, nurse practitioner, clinical nurse specialist or certified registered nurse anesthetist who bills more than $90,000 per year in Medicare Part B charges and provides care to more than 200 Part B enrolled Medicare patients per year is considered an eligible clinician under MIPS. Those who successfully report MIPS data for calendar year 2018 (January 1–December 31) as well as any 90-day period between January 1 and October 2, 2018, for the Promoting Interoperability and Improvement Activities measures will avoid the penalties, can potentially earn a small incentive and may be eligible for additional bonus money based on their performance.
To assist members in meeting the reporting deadline, the Society has partnered with Premier to offer MIPSwizard, an easy-to-use online tool to help MIPS-eligible clinicians quickly and easily participate in the MIPS program.
MIPSwizard is a CMS-Qualified Registry for MIPS reporting that allows clinicians to report as individuals or as a group and gives the option to report the minimum to avoid penalties or to maximize the incentive. The software guides clinicians through a few easy steps to rapidly collect, validate and submit their results to CMS, and provides easy integration with electronic health records, allows for real-time data validation and performance feedback, and provides the option for retrospective reporting.
To learn more about 2018 MIPS reporting, click here. Click here for more information about MIPSwizard.