By which year will MIPS eligible clinicians/groups see a statutory increase in the performance threshold and payment adjustment?

The correct answer is 2021, as that is when a statutory increase in the performance threshold and payment adjustment for MIPS eligible clinicians and groups was implemented. Under the Medicare Access and CHIP Reauthorization Act (MACRA) which established the MIPS program, adjustments to performance thresholds are periodically made to ensure that they keep pace with the evolving healthcare landscape and expectations. The adjustments are designed to motivate healthcare providers to improve quality and cost-efficiency in their services.

Knowing the timeline for these increases is essential for practices to adequately prepare for changes in reimbursement related to performance metrics. This means that clinicians needed to adapt to potentially higher benchmarks for quality and cost measures starting in 2021, impacting their reimbursement rates based on their performance in the MIPS program.