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MIPS was established under the Quality Payment Program (QPP) for Medicare Part B healthcare providers. Its purpose is to ensure they get compensated based on their performance. For More: https://p3caresolutions.blogspot.com/2022/05/improvement-activities-changes-for-mips-2022.html

MIPS (Merit-based Incentive Payment System) is a part of the Quality Payment Program (QPP) for the Medicare Part B healthcare providers. It was so they could get compensated based on their performance.

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.

Merit-based incentive payment systems have a list of eligibility for those thinking of participating in it. Every year, QPP MIPS makes several revisions to its list. For example, the MIPS 2022 list of eligible clinicians have permitted all midwife nurses and social workers to participate. In the same way, MIPS 2023 also has clinician types who can take part.

5 Things to Know about Medicare Drug Coverage Plans. CMS released rates for 2022 for Medicare Advantage Coverage plans. They released these rates prior to the period so that Medicare plans to review them for their final bids.

We have seen many protests against surprise medical bills, and the good news is that the federal law regarding this will take effect in January 2022. We can see patients becoming more powerful and the healthcare industry becoming more flexible and cost-efficient. Read more.

Healthcare Application Development is the act of building and maintaining a software application that interacts with a healthcare institution. It involves analyzing, designing, coding and testing. Read more about healthcare application development and why you should go for it.

In the MIPS 2023 reporting period. We can see that the payment threshold is holding at 75 points.  Making it difficult to achieve the threshold score along with the changes in the 2023 program.

The MIPS 2021 reporting period has started. And here begins the struggle for physicians to report their data. There is a lot on the line, for instance, physicians' reputation, payment adjustments, and bonuses.