WHY IS MEANINGFUL USE TRANSITIONING TO MIPS?
Meaningful Use is a Medicare Quality Program aimed at lowering the cost of healthcare and helping providers offer better care without sacrificing their bottom line. Currently, EHR Meaningful Use essentially involves implementing software to advance your practice and patient care through it’s reporting system. Moving forward, Meaningful Use will be renamed as “Advancing Care Information” and combined with other Medicare Quality Initiatives into one system. This sole system, known as MIPS, stands for “Merit-based Incentive Payment System”, and is part of the Quality Payment Program (QPP). For security purposes, the EHR and Meaningful Use software continues reporting through MACRA program through MIPS.
WHAT IS MACRA?
In October of 2016, CMS released the final rule implementing The Medicare Access and CHIP Reauthorization Act of 2015 (MACRA). MACRA established the Quality Payment Program (QPP), providing new ways to pay physicians for caring for Medicare beneficiaries. The QPP has two paths: Advanced Alternative Payment Models (APMs) or MIPS.