With the release of Medicare Physician Fee Schedule (MPFS) Final Rule this November, Traditional MIPS also went through notable changes for CY2023. In this rule CMS updated us about MIPS framework and it’s each distinctive categories post COVID-19 PHE.
The Merit-Based Incentive Payment System (MIPS) is the default Quality Payment Program (QPP) participation pathway for most providers and clinicians. MIPS is composed of four performance categories, which contribute a specified weight to the overall MIPS final score:
Each MIPS performance category contributes a specified weight to the MIPS final score
Participants (individual/group) can receive positive, neutral, or negative payment adjustments based on their MIPS final score.
If it is not your first time participating in MIPS, it’s very well known that gearing up for this reporting process can take time. These coming months are very crucial if you want to participate in MIPS and get things started well in time. Even though discussing MIPS program can easily take a day or so, in this short article we go steadily through pre and post PHE changes made by CMS for the performance year 2023.
During CMS proposed and approved Extreme and Uncontrollable Circumstances exclusion for clinicians impacted by COVID-19 PHE circumstances. Along with many other flexibilities and relaxation made available during COVID-19 PHE also came neutral payment adjustments as well as delayed penalties and incentives during performance years 2021 and 2022.
In 2023, however, the implantation for MIPS program is going to be resumed for performance year 2023, with up to 9 percent penalties and bonuses for up to half of eligible clinicians. Following this pattern, the consecutive performance year will determine clinicians Medicare Part B payments in the Payment year 2025.
Because of the ongoing COVID-19 PHE, CMS proposes to use 2019 data as the basis for setting the CY 2023 performance threshold at 75 points, which it anticipates would subject approximately one-third of MIPS eligible clinicians to negative payment adjustments for the CY 2023 performance period. This is a significant increase from the 60-point threshold in the 2021 performance year. Exceptional Performance is set to be retired.
Following are the CMS proposed category-based changes for 2023:
CMS finalized a total of 198 quality measures for the 2023 performance period which reflect:
There are no major changes to the MIPS Improvement Activities (IA) category other than updates to the IA inventory. CMS intends to retire and modify a handful of activities to avoid duplication.
CMS proposes several measure-specific changes for this category, including:
CMS would require active engagement on each measure and require clinicians to report their level of engagement through data validation. Starting next year, automatic reweighting policy for the PI category for nurse practitioners (NPs), physician assistant (PAs), certified registered nurse anesthetist (CRNAs) or clinical nurse specialists (CNSs) has also been proposed to be discontinued.
Beginning with the 2023 performance year, CMS will make the following seven MVPs available as a voluntary MIPS participation pathway. MVPs are composed of quality measures (including one outcome measure [or high-priority measure, if the outcome measure isn't applicable]), improvement activities, and cost measures relevant to the condition, specialty, or patient population.
Rheumatology:
Advancing Rheumatology Patient Care
Stroke Care and Prevention:
Coordinating Stroke Care to Promote Prevention and Cultivate Positive Outcomes
Heart Disease:
Advancing Care for Heart Disease
Chronic Disease Management:
Optimizing Chronic Disease Management
Emergency Medicine:
Adopting Best Practices and Promoting Patient Safety with Emergency Medicine
Lower Extremity Joint Repair:
Improving Care for Lower Extremity Joint Repair
Anesthesia:
Support of Positive Experiences with Anesthesia
For the CY 2023 performance period, CMS will add 5 new MVPs to the previously announced 7 MVPs in the program.
MIPS can be an exciting as well as challenging way to improve and promote good quality healthcare standards that the patient deserves. Participation in MIPS with maximum effort might not go in vain as the Healthcare Providers can implement better healthcare industry standards as well as incentivize in this process of learning and earning.
It is the most suitable time to say, the desired and eligible participants start preparing for CY2023 MIPS as we head into next year. Given the recent PHE challenges, it can be rewarding to participate and avoid penalties.
Subscribe to Our Newsletter!
Subscribe to Our Newsletter!
Enter Your Email Address. We Promise We Won't Spam You
Relevant Articles
Categories
Informational
Educational
Medical Billing Software
Follow Us
Enter your email to receive our newsletter, so you can stay in the loop with our latest promos.
Subscribe to Our Newsletter!
Enter your email address to
receive "Go Practice" as an email newsletter.