As we are close to the end of the year, medical practices are frantically trying to perform well in MIPS 2020. They have MIPS Qualified Registries as their support system to help abide by the regulations and policies.
Their eyes on the MIPS incentives and their mind are on the reporting strategies. We all know that we can compete and earn incentives only by following the MIPS 2020 guidelines specified by CMS (Center for Medicare and Medicaid Services). Otherwise, we might get a lower MIPS score, and financial advantages might slip through our hands.
Why Participate in MIPS?
Of course, MIPS incentives serve as an encouragement for physicians to streamline operations and to provide quality healthcare to patients.
Under QPP MIPS, CMS (Centers for Medicare and Medicaid Services) has tried to shift clinicians’ focus on quality rather than volume. Moreover, they also want to curb the increasing cost expenditure in the healthcare industry.
Thus, as MIPS consulting services, we should motivate medical practitioners to:
- Use technology to optimize the patient care process (diagnosis, treatment, medication)
- Efficiently use resources
- Adopt alternative but quality methods over expensive procedures
We should encourage clinicians to meet the MIPS 2020 eligibility criteria. It will allow them to earn incentives based on their performance rather than the number of patients they treated.
QPP MIPS Promotes Quality Healthcare
Quality care is the essence of QPP MIPS.
The industry’s dynamics are changing, and we are in the technology age, which requires us to adopt the technology. Thus, we cannot progress or build an empowered healthcare industry without adopting quality care standards. Such progress in medical practice will also in successful MIPS 2020 reporting.
1. Implement Certified Electronic Healthcare Record (EHR) Technology
Physicians cannot maximize their score in the MIPS 2020 Promoting Interoperability (PI) performance category without the deployment of 2015 Certified EHR technology.
Even if you’re using the practice management system, ensure that you’re using the updated version.
Investing in EHR technology is in the best interests of medical practices. It will give extra mileage to their efforts. Moreover, the medical billing staff can save time and effort to invest in streamlining operations.
2. Pay Attention to MIPS Quality Reporting Requirements
There is a list of requirements that every eligible physician must abide by in order to perform well in MIPS 2020. In the early years of the MIPS program, CMS allowed relaxation in some parts. However, as the program progressed, the performance threshold has been raised.
Clinicians should pay full attention to the MIPS reporting requirements. Or, they can seek help from a MIPS Qualified Registry because it specializes in choosing appropriate specialty-specific quality measures, and taking care of the reporting requirements is easy for their team.
3. Train Your Staff or Hire a MIPS Qualified Registry
We have seen many incidents where physicians took MIPS reporting responsibility on their shoulders and failed miserably.
Here comes us, the MIPS Qualified Registry to handle all MIPS-related tasks and data submission.
Government policies change, and as a physician, it is difficult to get a hold of every matter instantly.
However, with a professional team at your disposal, staying up-to-date never takes time, and you can ultimately earn high points in QPP MIPS 2020.
Conclusion
In this article are the three golden rules that depict if a medical practice is ready for successful MIPS 2020 reporting or not. Every physician needs to upgrade and seek assistance in matters that are out of their hand. Only then, they can achieve excellence in MIPS and ensure quality standards for patients.
