QPP MIPS

The healthcare industry is constantly evolving, with regulations and standards frequently being updated to improve the quality of care and efficiency of services. One such significant development is the Merit-based Incentive Payment System (MIPS). This article delves deep into what MIPS is, how it functions, and its profound impact on medical professionals. What is MIPS in Healthcare? MIPS is a critical component of the Quality Payment Program (QPP) established by the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA). It aims to streamline multiple quality programs into a single system where healthcare providers are incentivized based on their performance. MIPS evaluates eligible clinicians on four performance: Quality: This category replaces the Physician Quality Reporting System (PQRS). Clinicians are measured on various performance metrics that assess the quality of care provided to patients.