By Renee Dustman @ AAPC
This year marks the first performance year in the Merit-based Incentive Payment System (MIPS) — a new payment adjustment system within the Centers for Medicare & Medicaid Services’ (CMS) Quality Payment Program, which replaces three separate programs:
- Physician Quality Reporting System (PQRS)
- Value-based Payment Modifier (VM)
- Medicare Electronic Health Record (EHR) Incentive Program
In 2019, MIPS also replaces the separate payment adjustments these programs generate with a single payment adjustment of -/+ 4.0 percent to your Medicare Part B claims (plus bonuses for “exceptional performers”).
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