CMS’ Merit-based Incentive Payment System (MIPS) is a pay-for-performance program where a higher score leads to higher reimbursement. Further, MIPS is a budget neutral program where those receiving a negative payment adjustment fund those receiving a positive payment adjustment. The Complex Patient Bonus can help you achieve a higher score.
CMS’ Merit-based Incentive Payment System (MIPS) is a pay-for-performance program where a higher score leads to higher reimbursement. In MIPS, there are four performance categories: Quality, Cost, Promoting Interoperability, and Improvement Activities. This blog will explore the Cost Category for 2024.
Is your Healthcare Data Being Governed?
In today's rapidly evolving healthcare landscape, effective data management is crucial for delivering high-quality patient care, ensuring regulatory compliance, and improving operational efficiency. While working with Meditech hospitals, we recognize that robust healthcare data governance and a well-defined reporting structure are essential components that must work together.