P3 Healthcare Solutions - Medical Billing Services and MIPS Consultants

Whether it is about MIPS 2019 or Medicare MIPS 2020 reporting , Qualified Registry is one of the most authentic ways to do it. It is one of the collection types recognized by CMS to submit on behalf of the providers. Submissions further split into three types: either you can report it as an individual clinician, as a group, or as a virtual group. Whatever you choose to be, remember, it is your career and incentives on the line. CMS Released New Data on Medicare MIPS 2020 If you have been a late bloomer in the previous installment of the MIPS program (MIPS 2019) and couldn’t submit data on time, there is still time to do that until March 31, 2020, the deadline. As far as Medicare MIPS 2020 is concerned, it has just started so you have plenty of time as a clinician to report it. Nevertheless, we advise you to report it at the earliest to remove the chances of penalties later on. Another name of Medicare Access and Chip Reauthorization Act (MACRA) is compliance. As a practice

Centers for Medicare and Medicaid Services (CMS) came up with the proposed modifications earlier this year in August. They affect the doctors or their practices in ways they are still trying to understand. However, P3 has gotten it all figured out on behalf of providers for an efficient MIPS 2019 reporting right away. MIPS &  MACRA  are two significant terms when we talk about quality care. They are the bedrock of the new system that we are trying to achieve. Moreover, the Quality Payment Program under Medicare Access and CHIP Reauthorization Act (MACRA) produces patient outcomes based on quality rather than quantity. Now, that you have an idea, we want to dive into the changes to this program before 2020 begins.  MIPS Requirements in 2020 – Threshold-wise CMS has revised the minimum and additional performance thresholds of the program. The positive and negative payment adjustments have also been renewed. Since physicians and physician groups have done so grea