MIPS
Lapse in MIPS 2024 submission can cost your practice upto $10K- $100,000K+………)
The Quality Payment Program Has 2 Payment Tracks
Explore how you can participate in MIPS
MIPS Overview
Explore how you can participate in an APM
APMs Overview
Failing to meet the MIPS submission deadline could result in a substantial negative payment adjustment of -9% in 2025, https://www.ama-assn.org/system/files/medicare-basics-mips.pdf
The performance threshold has been set at 75 points – achieving a score of at least 75 points is crucial to steer clear of penalties.
If reaching or surpassing this threshold seems challenging, you can minimize your penalty by aiming for a score as close to 75 points as possible.
Is your practice grappling with the complexities of MIPS 2024 data submission? If yes, you can file of hardships on those individual categories. EUC application will close at 8 p.m. ET on January 2, 2024 https://qpp.cms.gov/mips/exception-applications
Exciting News
Discover professional assistance for MIPS 2024 Data through PracticeForces. Since 2003, we’ve been helping medical practices enhance their revenues.
Let us handle any confusion, hassle, and stress you might be facing regarding MIPS 2024.
PracticeForces medical billers and advisors will collaborate with your practice systems and staff to optimize your score. We leverage our expertise alongside advanced medical billing software to navigate CMS guidelines and expedite reporting.
Reach out today to avoid penalties related to MIPS 2024 data submission.
MIPS Puts Your Bottom Line on the Line
For the 2022 performance year, you can receive up to a 9% payment adjustment (positive or negative) in 2024 (the payment year).
For example, if you bill $1.5 million per year in Medicare, your 2022 MIPS performance can make up to a $135,000 difference in your income in 2024.
However, after the 2022 performance year, there will be no more positive payment adjustments, only penalties. Can you afford not to track your score?
