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In the midst of all the complicated reporting mechanisms in healthcare, the Quality Payment Program gave us the Merit-based Incentive Payment System (MIPS). And for good reason. MIPS combines the Physician Quality Reporting System, Value Modifier Program and Electronic Health Record Incentive Program into a single reporting program.
MIPS presents a significant opportunity to turn regulatory risk into true financial reward. However, for those choosing MIPS, determining whether to report at the Individual or Group level in the 2017 measurement period can be a head scratcher.
Individual vs Group
Pros, cons and implications
While the Individual option is the simplest and most obvious option there are a few things to consider.
Alternatively, the Group option can provide a lot more flexibility and ability to pool together higher and lower performing eligible clinicians (ECs). But, there are a few things to consider here also.
The diagram below illustrates a decision tree for each reporting option. Carefully considering the pros/cons of each is very important.
If you’re struggling with whether to report at the Individual or Group level, or aren’t sure if you’re required to report for MIPS in 2017, click here for more information.