MIPS: The New Reporting Regime
In April 2015, President Obama signed into law the Medicare Access and CHIP Reauthorization Act (MACRA), changing the healthcare game for individual clinicians working in physician practices. The MACRA legislation includes a new Merit-based Incentive Payment System (MIPS) that physicians will do well to understand. Starting in 2017, the existing EHR incentive programs will collectively fall under the MIPS umbrella. Will you be ready for the new performance and reimbursement regime?