MIPS Security Risk Analysis
The Merit-based Incentive Payment System (MIPS) came into effect on Jan. 1st, 2017. It is one of two tracks under the Quality Payment Program (QPP) of CMS, that brings Medicare Part B providers to a performance-based payment system. The QPP replaces three previous programs, Meaningful Use, PQRS and the Value-based Payment Modifier, with one new program with four performance categories: Quality, Cost, Improvement Activities, and Advancing Care Information (ACI).
Based on Composite Performance Score (MIPS Score) earned on the measures reported, eligible clinicians earn a performance-based payment adjustment for Medicare payments starting in 2019. While MIPS is designed to be a budget-neutral program, there is $500 million allocated to provide additional incentives to exceptional performers.
A core requirement for future reimbursement is the completion of a security risk analysis, including the remediation of areas not in compliance. HIPAAcraticRx provides this MIPS Security Risk Analysis service. We also provide recommended IA (Improvement Activities) to perform and document to qualify for an increased rate of compensation.