The goal of MIPS is to establish a single system for what purpose?

The Merit-based Incentive Payment System (MIPS) was established to create a unified framework to assess healthcare providers based on a range of performance metrics. The correct answer reflects the primary functions of MIPS, which integrate quality reporting and payment adjustments. This system aims to enhance healthcare quality while simultaneously managing costs by linking financial reimbursement to the quality of care delivered.

Under MIPS, healthcare providers are evaluated on their performance in four categories: Quality, Improvement Activities, Promoting Interoperability, and Cost. The culmination of these performance measures influences the payment adjustments that providers may receive, either as bonuses for high performance or penalties for underperformance. This link between quality of care and reimbursement serves the dual purpose of incentivizing superior healthcare outcomes and controlling healthcare expenditure.

While quality improvements, cost reporting, and data collection are components associated with the healthcare system, they do not encapsulate the overarching aim of MIPS as effectively as the integration of quality reporting and payment adjustment. The correct answer captures the essence of MIPS's mission to streamline and enhance the payment system based on the quality of care provided.