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Established by the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) , the MIPS Program is pivotal in determining Medicare payment adjustments for healthcare practices. What is MIPS? By assessing a composite performance score, eligible clinicians stand to receive payment bonuses and penalties or remain unaffected by adjustments.
The 2024 payment adjustment is important to compensation for Medicaid services provided. EHR technology certified to the 2015 Cures Update must be in place by October 3, 2023. In addition to category updates, be aware that MIPS payment adjustments have also been released. For a minimum of 90 days, report all required measures.
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