he popular misconception is that MIPS has replaced Meaningful Use, and the latter is completely repealed. This is far from the case. Starting from 2017, according to MACRA guidelines, the existing EHR incentive programs of Meaningful Use (MU), Physician Quality Reporting System (PQRS), and ValueBased Modiļer (VBM), collectively come under the MIPS umbrella.
This white paper aims to give readers a comprehensive understanding of what MIPS is, how it affects the immediate future of medical practices, and the long term ramiļcations on the healthcare industry. We will take a closer look at MIPS, covering areas of interest such as:
- What is MIPS?
- Eligibility & Exemptions
- Performance Categories & Scoring
- Penalties & Incentives
- MIPS Timeline
- Data Submission Requirements
- Impact of MIPS
- Ways to Prepare
