Get Really Good at MIPS with Easy Reporting Services
Your Practice's VIP Pass to Financial Brilliance with
MD Revenue Group!
If you're a medical professional, you probably know by now that since the beginning of 2019, PQRS, which is an acronym for Physician Quality Reporting System, has been replaced with MIPS. Maybe you've heard about these changes but aren't sure how they can improve your practice. Here's what you need to know about MIPS and its benefits, along with the importance of having the software for tracking composite scores.
What Is MIPS?
Basically, MIPS, which stands for Merit-Based Incentive Payment System, is a new payment reimbursement method.
The system streamlines three old Medicare programs into just one payment program. Furthermore, MIPS provides practitioners with annual performance updates that are based on performance in four different categories.
What are the Benefits?
• Cash flow is improved, which means you get paid quicker.
• Your practice is more efficient as it lets patients quickly access their medical records and treatment histories
• MIPS is not as burdensome or difficult as PQRS
• Patient and provider interactions are improved as stored data can be quickly accessed.
• It supports existing billing cycles.
• You don't have to re-enter data since information you initially
entered remains stored in the database
How MD Revenue Group can help you to Qualify for MIPS?
At MD Revenue Group, knows what goes into the reporting categories for MACRA, as well as how scoring is done. We can determine if your organization is eligible, and which systems they need to be reporting under
1. Strategic Vision
Identify strengths and weaknesses, creating a plan for smarter Medicare payments.
2. Education and Communication
Simplify new rules for your team, estimating financial impact and ensuring everyone understands MACRA's effects.
3. Technical Expertise
Navigate technology needs for successful reporting to CMS, ensuring your systems are ready.
4. Assistance with MACRA Requirements
Our experienced team provides seamless support in adopting MACRA, ensuring compliance and success.
