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We understand that keeping track of important dates for MIPS reporting can be a challenge, so we have prepared two lists of key dates to mark on your calendars for your 2020 and 2021 MIPS reporting. Knowing what to do, and when, throughout the calendar year can save you a lot of headaches when it’s time to report and help you avoid paying any MIPS penalties.
The COVID-19 pandemic has brought many changes to our daily lives, including a surge in the use of telemedicine. During the past few months, more clinicians and their patients have been turning to telehealth appointments so patients can safely receive the care they need. In response, CMS announced many changes to support telehealth, including payments for Medicare telehealth services furnished to patients in broadened circumstances and an expanded list of clinicians who can provide these services. Clinicians offering telehealth services to their patients may want to consider how this is relevant to their MIPS reporting. In this article, we have identified a list of Quality measures and Improvement Activities that can be reported for telemedicine services.
As we put the 2019 MIPS reporting year behind us, it is helpful to start planning for 2020 since some of the requirements have changed. The number of MIPS points needed to avoid any penalties has increased to 45 MIPS points (up from 30 points in 2019) and you must reach 85 MIPS points for an exceptional performance bonus (up from 75 points). Payment adjustments are also higher at +/-9% (up from +/-7%), so the financial risk of not reporting is much greater. Before you get started with your reporting, go through this 2020 MIPS Reporting Guide to understand your reporting obligations and prepare a strategy to help your practice meet its reporting goals.