On January 1, 2017, the Merit-Based Incentive Payment System (MIPS) replaced the Physician Quality Reporting System (PRQS). For calendar years 2017 and 2018, physical therapists, occupational therapists, and speech-language pathologists in private practice were not required to participate in MIPS. However, on January 1, 2019, that is no longer the case. Failure to participate and report successfully in MIPS could have significant financial implications for therapists who are required to participate. This session will provide participants with the information they need to begin preparation for MIPS—given that the Final Rule with the 2019 reporting requirements will not be published until the first week of November, 2018.
- Recite the four categories of MIPS and what each one includes.
- Name the low-volume thresholds that would preclude therapists from participating in MIPS.
- Explain the payment adjustments associated with MIPS and their timeframes