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If you have two or more clinicians billing with the same Tax Identification Number (TIN) in your practice, you should consider reporting MIPS as a group to gain some administrative relief and possibly increase your chances for success. According to CMS data, the majority of practices are choosing to report as a group. There are many reasons why group reporting is the preferred option for clinicians. Let’s take a look at what group reporting means, and why it may benefit your practice.
Group reporting MIPS Financial Rewards MIPS Reporting MIPS Threshold
Choosing what MIPS measures to report for your practice can be overwhelming, especially when you are reporting on behalf of several providers, across multiple specialties, and in some cases at different practice locations. An important consideration is whether group reporting could reduce the amount of time and resources your practice spends on your data reporting activities, while maximizing your MIPS scoring potential.