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Since the shift of volume-based healthcare services to value-based care, medical practices are trying to adjust regulatory changes for MIPS success. MIPS data submission is necessary for every healthcare provider to improve his revenue management. Eligible practitioners participate in a merit-based incentive program under QPP, and most of them submit data via EHR technology. They get rewards in return of their services only when they are able to depict true performance to CMS.

During the past three years, we saw covered entities pay fines of more than $20 million because of HIPAA violations. If we want medical billing outsourcing, it can only be safe if the business associate shows HIPAA compliance. In case, they don't, you might as well continue with the in-house solution. OCR under the Department of Health & Human Services (HHS) ensures the safety of health information at all costs.

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