3 Common Mistakes Medical Practices Make with MIPS Reporting
The Medicare Improvements for Patients and Providers Act (MIPS) is a law that was passed in 2015 by Congress. This legislation changed how the government reimburses doctors for their services, which can result in lower reimbursements if certain requirements are not met.
The Centers for Medicare and Medicaid Services has released an annual list of MIPS reporting mistakes medical practices make to help providers avoid any penalties from this program. This blog post will discuss mistakes medical practices often make with reporting their data.
Reporting MIPS Data Incorrectly
One common mistake medical practices make with MIPS is to report data incorrectly. This might be because they don’t know how the process works or what information is required, but it can result in penalties and lower reimbursements for their services.
Not Reporting MIPS Data at All
Another common mistake medical practices make with MIPS reporting is to not report any data at all.
This can be because they are unaware of the process or don’t understand how it works, but since this program will eventually impact their reimbursements under Medicare, providers need to have a basic understanding of what information should be reported and how often that needs to happen.
Not Submitting Data on Time
Medical practices also make mistakes with MIPS reporting by not submitting data on time. Unlike other programs, providers must submit their information to Medicare every month, and it’s important that they do so in order for the program to work effectively. The penalties for failing to meet these deadlines can be steep – up to four percent of total
If you need help with MIPS compliance in your medical practice visit MDabstract at https://www.mdabstract.com/
.
