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Get Really Good at MIPS with Easy Reporting Services
Your Practice’s VIP Pass to Financial Success with MedTech LLC!
As a medical professional, you may be aware that since early 2019, the Physician Quality Reporting System (PQRS) has been replaced by MIPS (Merit-Based Incentive Payment System). While you might have heard about these changes, you may be unsure how they can benefit your practice. Here’s what you need to know about MIPS, its advantages, and the importance of using software to track composite scores effectively.
What Is MIPS?
The Merit-Based Incentive Payment System (MIPS) is a modern payment reimbursement model that consolidates three previous Medicare programs into a single, streamlined system. MIPS evaluates practitioners annually across four performance categories, providing updates based on their performance.
What are the Benefits?
• Cash flow is improved, which means you get paid quicker.
• Your practice is more efficient as it lets patients quickly access their medical records and treatment histories
• MIPS is not as burdensome or difficult as PQRS
• Patient and provider interactions are improved as stored data can be quickly accessed.
• It supports existing billing cycles.
• You don’t have to re-enter data since information you initially
entered remains stored in the database
How MedTech LLC Can Help You Qualify for MIPS
At Med TechMt, we have in-depth knowledge of MACRA reporting categories and scoring methods. We assess your organization’s eligibility and identify the systems required for successful reporting.
Strategic Vision
- Analyze strengths and weaknesses to develop a plan for optimized Medicare payments.
Education and Communication
- Simplify complex rules for your team, estimate financial impact, and ensure everyone understands MACRA’s implications.
Technical Expertise
- Provide guidance on technology requirements for CMS reporting, ensuring your systems are fully prepared.
Support with MACRA Compliance
- Offer seamless assistance in adopting MACRA requirements, ensuring compliance and long-term success.
- Offer seamless assistance in adopting MACRA requirements, ensuring compliance and long-term success.