What is the focus of the Merit-Based Incentive Payment System (MIPS)?

The focus of the Merit-Based Incentive Payment System (MIPS) is to improve quality through performance metrics. MIPS is part of the Quality Payment Program established by the Medicare Access and CHIP Reauthorization Act (MACRA) aimed at promoting better care delivery in the healthcare system.

Under MIPS, healthcare providers are evaluated based on various performance categories including quality, cost, improvement activities, and promoting interoperability. The goal is to incentivize practices to enhance the quality of care they provide, ultimately leading to better patient outcomes. By linking reimbursement rates to the achievement of specific metrics, MIPS encourages providers to focus on delivering high-quality care while also managing costs effectively. This systematic approach to evaluating performance ensures that resources are allocated in ways that truly enhance patient welfare and healthcare efficiency.