As part of the Quality Payment Program mandated by the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA), Medicare established the Merit-based Incentive Payment System (MIPS) to encourage clinicians to engage in specific practices with the ultimate goal of improving the quality of patient care. MIPS replaces several other programs that you may be familiar with, such as PQRS and Meaningful Use.
MIPS consists of four components:
For each of these activities, you may be required to implement a new process and document outcomes for 90 days or make sure the activity is documented at least once per year in the client record. The performance year (when you need to do the activities) lasts January 1 through December 31. You have an additional 3 months, until March 31, to report to Medicare what you did.
Medicare issues “payment adjustments” based on your level of participation in MIPS. After all scoring is reported by March 31, Medicare will take several months to make calculations and send a report to all MIPS-eligible providers (usually around September). This report will show your level of participation and the impact it will have on your payments from Medicare. This impact will be applied to all payments the following year. For example, if you engaged in MIPS activities in 2019 and reported by March 31, 2020, your payments for all of 2021 will be impacted. The amount of the impact changes each year; payment adjustments for 2020 (based on activities from 2018) will range between -5% and +5%, while payment adjustments for 2021 (based on activities from 2019) will range between -9% and +9%. Completely ignoring MIPS will result in a full negative payment adjustment, meaning Medicare will withhold 9% of your revenue in 2021. Minimal participation will result in no adjustment being applied; Medicare won’t withhold any payment, but you are also not eligible for any bonus payments. Full participation could result in additional 9% in bonus payments for 2021. Since Medicare rates are publicly available, let’s estimate the impact of MIPS participation on reimbursement rates.
Although pricing varies by region, both 90791 and 90837 average about $140. This means participation can impact your per-session rate by about $12.60, or a $25 swing between no participation and full participation. For each client, that can have a significant impact:
Number of Sessions | No Participation (-9%) | Minimal (0%) | Full Participation (+9%) | Difference (None vs Full) |
5 | $637 | $700 | $763 | $126 |
10 | $1274 | $1400 | $1526 | $252 |
15 | $1911 | $2100 | $2289 | $378 |
20 | $2548 | $2800 | $3052 | $504 |
First, you can quickly check your individual participation status by using the CMS look up tool. If you would like to see if your practice as a whole is required to participate, you will need to sign in (or sign up for an account). There are several criteria you must meet if you are mandated to participate. If you meet at least one, but not all, of the criteria, you can also opt-in to participation. You can also work with other providers to create a Virtual Group (where several different entities with different TINs join together).
Next, decide how you want to report data. Unlike the old PQRS system, MIPS data generally cannot be reported by including additional service codes on claims. The most efficient method of data reporting is to use a registry. TherapyNotes™ has partnered with Healthmonix to offer two different registry reporting options:
Submitting data to the registry of your choice is simple with TherapyNotes™—just write your notes! Very similar to billing with TherapyNotes™, every time you sign a note information is captured. If the session is going to be billed to Medicare, TherapyNotes™ not only prepares a claim for you to submit but also sends the data to the registry. Once in a while, simply log in to your registry account to confirm which activities apply to each session. Healthmonix helps make it easy to review your data on a real-time basis, allowing you to guide your practice activities. You’ll also see which measures you’re likely to get the most points for, ensuring maximum reward for your participation. Review your information between January 1 and March 31, then easily submit your data to Medicare with just a click.
* The content of this post is intended to serve as general advice and information. It is not to be taken as legal advice and may not account for all rules and regulations in every jurisdiction. For legal advice, please contact an attorney.