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Merit-based Incentive Payment System (MIPS)

The Medicare Physician Fee Schedule (PFS) regulation makes updates to the Quality Payment Program (QPP), the major quality reporting program for physicians under Medicare. Failure to successfully participate in the Merit-based Incentive Program (MIPS)—the main track within the QPP—could result in a 9% reduction to emergency physicians’ Medicare reimbursement. 

ACEP is doing all that we can to simplify the requirements and make it easier to avoid a penalty and even be eligible for a bonus.

Read below about MIPS and what ACEP is doing to help emergency physicians successfully participate.

Latest MIPS Updates

Final 2025 Policies

Current Flexibilities

Background

MIPS Impact on Emergency Physicians

MIPS Value Pathways (MVPs)

Find Out Whether You’re Eligible

What is ACEP doing?

MIPS Performance Categories

MIPS includes four performance categories: Quality, Cost, Improvement Activities, and Promoting Interoperability (formerly Meaningful Use). Performance on these four categories (which are weighted) roll up into an overall score that translates to an upward, downward, or neutral payment adjustment that providers receive two years after the performance period (for example, performance in 2023 will impact Medicare payments in 2025).  

In 2023, the adjustments will potentially range from –9% to +9%. In order to be eligible for a positive adjustment, a clinician’s score must exceed a certain threshold, which is 75 points in 2022 and in 2023 (proposed).

The 2022 performance period/2024 payment year was the last year with a 5% payment bonus available for participating in an Advanced APM. The bonus will decrease to 3.5% in the 2025 payment year and 1.88% in the 2026 payment year, and then, without congressional action, there won’t be any bonus starting in 2027 – only a slightly higher conversion factor update under the Medicare Physician Fee Schedule.

Once the APM bonus fully expires, the financial incentive for being in an Advanced APM won’t be much larger than it is for MIPS.

Quality Performance Category

Cost Performance Category

Improvement Activities Performance Category

Promoting Interoperability Performance Category

Facility-Based Scoring Option

MIPS Value Pathways (MVP)

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