Healthmonix Advisor

Matthew Major

Recent Posts

Will 2021 MIPS Finally Bring Significant Financial ROI for Providers?

Posted by Matthew Major on November 24, 2020

Clinicians participating in the Merit-Based Incentive Payment System (MIPS) are set to finally receive a worthwhile financial return for 2021 reporting. Providers have been unsure whether incentive returns of less than 2% justifies shifting focus to achieve a high score in the program. A provider collecting $400,000 in Medicare Part B payments in 2020 will only receive $6,700 for scoring well in 2018 quality payment program (QPP) performance. While this does produce a positive return on investment, it may cause practices to question whether it is worth the effort required to track and report measures.

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Topics: MACRA & MIPS, Policy