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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.

MIPS has elevated the way Medicare part B providers get compensated. Each category, including Promoting Interoperability, has specific measures and guidelines that need to be fulfilled for MIPS 2021 reporting.