Deadline Approaches for MIPS 2017 Participation
Last Chance to Join the MIPS Program
If you are considering participating in the Merit-based Incentive Payment System (MIPS) for 2017, there is still time to act! The MIPS transition year commenced on January 1, 2017, and will continue until December 31, 2017.
Important Dates to Remember
To qualify for a neutral or positive payment adjustment, you must initiate your 90 consecutive days of data collection by October 2, 2017. Ensure that all relevant data codes are applied to your claims before this deadline by contacting P3.
Maximizing Your Payment Adjustment
For those looking to achieve the highest possible payment adjustment, it is advisable to submit data for the entire year. If you do not submit any data for 2017, you will incur a negative payment adjustment effective January 1, 2019. However, submitting data for just 90 days still offers a chance to earn the maximum adjustment.
Act Now!
Don’t wait until it’s too late; October 2nd is fast approaching. Reach out to your P3 consultant today to ensure your participation in MIPS 2017.
Ways to Participate in MIPS 2017
Participation Options
In 2017, there are three methods available for participation:
– Submit data covering a full year
– Submit data for a consecutive 90-day period
– Submit a minimum amount of data