Simplify 2024 Compliance & Maximize Incentives with Expert MIPS Reporting
What Will You Miss If You Don't Report in 2024?
MIPS is entering its eighth year of operations, yet physicians still face confusion and challenges, just like every year. Participation in MIPS 2024 brings significant challenges, primarily based on specialties, reporting options, and new measures.
Prepare for MIPS 2024 in your specialty and optimize your incentives.
Many physicians ask about the MIPS performance thresholds. Here’s a clear table outlining the positive and negative thresholds for 2025.
In 2024, the maximum penalty for the Medicare Merit-based Incentive Payment System (MIPS) was a -9% adjustment to Medicare Part B fee-for-service claims.
9% payment reduction
Score determines penalty
Varies by score.
Earn positive adjustments.
Meet minimum threshold.
Rewards measurable progress.
Accurate, timely submissions.
Challenges for small practices.
Improves patient care.
Enhances practice reputation.
Why Partner with QPP MIPS Experts?
Partnering with us for QPP MIPS reporting ensures expert guidance and seamless compliance. Our tailored strategies help optimize your score, prevent penalties, and maximize incentives.
Get Familiar with the MIPS 2024 Program
The Merit-Based Incentive Payment System (MIPS) is part of the Quality Payment Program (QPP), encouraging Medicare Part B service providers to transition to a performance-driven payment model. MIPS rewards healthcare providers for delivering high-quality, cost-effective care and motivates improvements in patient outcomes.
Final Rule Updates in the MIPS 2024 Reporting Program
As in previous years, several policy updates were introduced to the MIPS program. The Centers for Medicare and Medicaid Services (CMS) released the Final Rule on November 1st, 2023. Our MIPS experts have outlined a summary of these updates to help you stay informed and compliant.
MIPS Value Pathways (MVPs)
The Centers for Medicare and Medicaid Services (CMS) introduced MIPS Value Pathways (MVPs), making them a mandatory reporting framework starting with the 2023 performance year.
For the performance years 2023, 2024, and 2025, individual clinicians, single specialty groups, multispecialty groups, subgroups, and APM entities are required to report using MVPs.
Beginning in 2026 and beyond, reporting MVPs will be available for individual clinicians, single specialty groups, subgroups, and APM entities only.
Final MVPs for MIPS 2024 Reporting
- Advancing Cancer Care MVP
- Advancing Heart Disease Care MVP
- Optimal Care for Patients with Episodic Neurological Conditions MVP
- Promoting Wellness MVP
- Adopting Best Practices and Promoting Patient Safety in Emergency Medicine MVP
- Optimal Care for Kidney Health MVP
- Supportive Care for Neurodegenerative Conditions MVP
- Optimizing Chronic Disease Management MVP
- Improving Care for Lower Extremity Joint Repair MVP
- Patient Safety and Support for Positive Anesthesia Experiences MVP
- Coordinating Stroke Care for Prevention and Positive Outcomes MVP
- Advancing Rheumatology Patient Care MVP
Ensure Accurate MIPS Reporting with an Expert-Driven Qualified Registry
Outsource MIPS 2024 Quality Reporting to Us & Eliminate Paperwork Stress
We cater to all of your needs in a hassle-free manner!
We leverage the latest tools and technology to deliver top-quality reporting services.
Are you looking for a reliable and
cost-effective MIPS consultation?
You have come to the right place.
