The Merit-based Incentive Payment System (MIPS) is one of two tracks under the Quality Payment Program, which moves Medicare Part B providers to a performance-based payment system. A core requirement of the MIPS program is an annual security risk assessment. This is not only required -- but practices will be penalized if they do not comply. HIPAAcraticRx to the rescue! In addition to providing a full HIPAA compliance program (which includes the mandatory security risk assessment), HRX can also provide this assessment as a stand-alone service.
MACRA is the Medicare Access and CHIP Reauthorization Act. It combines parts of the Physician Quality Reporting System (PQRS), Value-based Payment Modifier (VBM), and the Medicare Electronic Health Record (EHR) incentive program into one single program called the Merit-based Incentive Payment System, or “MIPS”. Confused yet? It's not as complicated as it sounds. Click below for "10 Things to Know about MACRA, from AthenaInsight.