Emergency & Acute Care Clinical Registry
MIPS reporting in 2024
Step 1: Determine if you're MIPS-eligible
Participation in an Advanced Alternative Payment Model (APM)
Eligible clinicians who are part of an Advanced APM are exempt from MIPS reporting. Current examples of APMs are certain Accountable Care Organizations (ACO) and bundled payment models.
MACRA Quality Payment Program Low-Volume Threshold
Eligible clinicians or groups will be exempt from MIPS reporting if they bill ≤ $90,000 or provide care for ≤ 200 Medicare Part B patients or if they have ≤ 200 covered professional services. Clinicians that meet 1 or 2 (but not all 3) of these criteria may opt in to be eligible for MIPS penalties and incentives.
Newly enrolled in Medicare
You may be required to report to MIPS if you bill Medicare Part B claims under a new practice/TIN in segment 2 of the MIPS determination period or join an APM Entity in later snapshots.
Step 2: Understand reporting
The MIPS payment adjustment
Much like the sunset Value-Based Payment Modifier Program (VM), MIPS determines eligible clinicians’ payment adjustment based on how they rank versus their peers. The score used to determine the performance threshold for MIPS is called the MIPS Composite Performance Score, or the MIPS final score. This score is calculated on a scale from 0-100 and consists of the aggregated performance from the 4 MIPS performance categories.
Unlike past quality initiatives, a clinician's MIPS payment adjustment followd them even after they depart from the TIN they reported under. In 2022, the MIPS payment adjustment has reached +/-9% of your Medicare Part B charges.
Physician Compare
In addition to impacting eligible clinicians financially, MIPS performance has the potential to affect the reputation of eligible clinicians and groups. Scores will be publicly posted to Physician Compare as soon as the informal review period closes following the performance year.
Step 3: Select your reporting goals
As the MIPS program matures, it’s important to thoughtfully set your goals each year. The options for 2024 are again more challenging compared to the options available for 2023 and prior reporting years.
Step 4: Know the performance categories
Quality: To successfully report the Quality performance category, participants must report 6 measures (1 of which is an outcome measure) over a full calendar year for at least 75% of the applicable patient visits.
Promoting Interoperability: As of 2024, clinical psychologists are no longer exempt from Promoting Interoperability.
The Promoting Interoperability performance category is updated to be more flexible, customizable, and focused on patient engagement and interoperability. To receive credit in PI, participants must attest to all base score PI measures. Full credit will only be awarded to participants who also report performance score measures in addition to base score measures.
Improvement Activities: The Improvement Activities performance category rewards eligible clinicians for participating in activities related to their patient population. Clinicians and groups can choose to participate in activities most relevant to both their practice and patient population.
Cost: The Cost performance category score is the average performance total for the Medicare Spending Per Beneficiary (MSPB) measure, the Total per Capita Cost measure, 23 episode-based measures, and 4 chronic-care episode measures. Measures of particular interest include Depression and Psychoses and Related Conditions.
Cost is computed at a clinician group level, based on meeting minimum episode thresholds for each measure. All cost measures are automatically captured through administrative claims.
Report with the Emergency & Acute Care Clinical Registry (EACCR) in collaboration with Healthmonix
Under MIPS, performance matters! It's no longer enough to just report quality data. In 2024, CMS will issue a -9% penalty to organizations that receive a low final MIPS score, while high performers will be eligible for a 9% incentive.
Medicare quality reporting is complicated, but EACCR via MIPSpro® makes the reporting process easy. Our intuitive system and quality reporting team will guide you through the MIPS reporting process to success!
The EACCR delivers key features to ensure your success
- Real-time dashboards
- MIPS Quality, PI, IA, and Cost categories for all specialties and all measures
- Adapts to your practice
- Select reporting goals and track performance
- Integrated data
- Data validation and support
With prices starting as low as $389 per provider per year, starting today is the key to MIPS reporting success.