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Eligible physicians can improve their financial situation by submitting data under MACRA MIPS. The program empowers physicians and patients alike with quality healthcare & cost efficiency.

Eligible physicians can improve their financial situation by submitting data under MACRA MIPS. The program empowers physicians and patients alike with quality healthcare & cost efficiency.

Eligible physicians can improve their financial situation by submitting data under MACRA MIPS. The program empowers physicians and patients alike with quality healthcare and cost-efficiency.

Before we go into the details, the Merit-based Incentive Payment System (MIPS) comes under the direct obligation of the Medicare Access and CHIP Reauthorization Act (MACRA), the law that regulates the incentive program across the US.

Since the healthcare industry has taken serious measures to revamp healthcare services, the emphasis on incentive payment programs has increased. MIPS and MACRA, and more offer facilities to physicians that regular payment method can never provide

The founders envisioned the name, P3Care, after many brainstorming sessions and practically evaluating the stakeholders in the healthcare industry. After a critical analysis, they concluded that three entities are under the direct influence of the healthcare sector - Patients, Providers, and Payers. You cannot exclude any one of them if you look at the process, starting with the patients visiting the doctors and ending up with the doctors getting paid for their services.

Currently, the healthcare system is going through a critical phase that involves shifting paradigms, from the volume-based model to the value-based reimbursement system. All of this is intended to minimize healthcare costs and raise the quality of care.

According to CMS, the year holds comparatively doable reporting requirements as well in an effort to reduce physician burnout. By the introduction of the "Opt-In" policy, clinicians can now participate in the program and win rewards as if they were eligible for it.

The argument that CMS needs to improve MIPS is a thing in the past. Now, the focus is on "how to devise ways that actually implement the change and stands true to its promise of a better healthcare system.

Finding solutions to bring those worry-levels down for healthcare professionals can put an end to burnout and improve the quality of care altogether. Physicians are as humans as us, and in this article, we discuss ways in which they can deal with guilt and shame when they fail to complete their tasks of the day.

P3care Solutions has its finger on the pulse of healthcare, at least that's what we intend to achieve. The topic that we chose to write about today has some interesting yet solid statistics of doctors and their time spent on EHRs per patient.

P3care Solutions has its finger on the pulse of healthcare, at least that's what we intend to achieve. The topic that we chose to write about today has some interesting yet solid statistics of doctors and their time spent on EHRs per patient.

The last few months have been tough for the healthcare industry. All stakeholders were trying desperately to assist each other and save resources for COVID-19 response. Of course, meanwhile, CMS also took necessary measures to unburden some of the clinicians' load.

Where physicians have already burned out with COVID -19 cases, the administrative burden of QPP MIPS 2020 was additional pressure. The dynamics have changed. The contact points that were easily accessible before are now operational via online mediums.

Relieving Regulatory Burdens on Small Practices and Solo Providers If you're interested in learning more about Small Practice, you can read about our services and/or request a call at 888-357-3226. Click Here For More Information: https://bit.ly/33UhiXC Get a Free Quote: https://bit.ly/30DFr2z #texasmedicalbillingandcodingservices #medicalbillingauditing #medicare #medicalbillingandcoding #mbc #HIPPA #smallpractice #MIPS #PHI #regulatoryburdens