Back in January of 2021 our CEO, Lauren Patrick, wrote "MVPs – Will they replace ‘traditional’ MIPS?" At that time there were a lot of questions about how CMS would implement their new reporting framework, MIPS Value Pathways (MVPs). Starting with the 2023 Program Year (PY), MIPS eligible providers have two pathways they can take to satisfy their obligations. In this blog, I will review what an MVP looks like and how you may want to implement them within your practice.
Topics: MIPS Value Pathways, Merit-based Incentive Payment System
With the release of the 2023 PFS Final Rule, the Centers for Medicare & Medicaid Services (CMS) finalized most of the proposed changes for the QPP / Merit-based Incentive Payment System (MIPS) program that had been released in the Proposed Rule last July.
We are seeing that while the payment threshold is holding at 75 points, it can be tougher to achieve that threshold score with the changes in the program for 2023.
Topics: Cost Performance Category, MIPS Value Pathways, eCQMs, Promoting Interoperability, certified electronic health record technology, 2023 PFS Final Rule, Merit-based Incentive Payment System, Improvement Activities
On November 2, 2021, the Centers for Medicare & Medicaid Services (CMS) released the 2022 Physician Fee Schedule (PFS) Final Rule which governs MIPS and other quality payment programs. Anticipated changes were made to MIPS, making the program more challenging in 2022 and signaling additional changes to the program in coming years.
Topics: MACRA & MIPS, Quality Performance Category, IA Performance Category, Cost Performance Category, PI Performance Category, MIPS Value Pathways, 2022 PFS Final Rule
As we move into 2021 and beyond, we see CMS putting some real teeth into the Merit-based Incentive Payment System (MIPS) program. This is the first year where we see more than two percent incentives possible. Exemptions and exclusions are narrowing. Participants in other value-based programs are being forced into MIPS reporting because of higher thresholds for exclusion and elimination of other reporting options.
Topics: MACRA & MIPS, MIPS Value Pathways, APM Performance Pathway
There has been much talk around MVPs in the CMS quality reporting arena. MVP means MIPS Value Pathway, and it’s a reporting framework that CMS is communicating as (a) the next evolution of MIPS and (b) a transition tool for getting to other alternative payment modules. As CMS continues to define and refine their vision of the MVPs, they have started to call the current framework 'traditional MIPS' to prepare for the inclusion of the MVP option. You’ll see this when you visit the QPP site. That said, how can MVPs affect MIPS?
Topics: MACRA & MIPS, CMS, 2021 PFS Proposed Rule, MIPS Value Pathways
