How well do you understand MIPS?

How well do you understand MIPS?

MACRA, the law that changes how the government pays physicians for Medicare services, took effect at the start of 2017. The law establishes two payment “tracks” for physicians, the Advanced Alternative Payment Model (APM) and the Merit-based Incentive Payment System (MIPS).

Most smaller and independent medical practices probably will choose the MIPS track. Starting this year, those practices are required to report their performance on a variety of metrics or face a financial penalty in the form of lower payments from Medicare. Practices that report their data have the possibility of earning a financial bonus. 

Although MIPS can affect a small practice’s income, polls show that most physicians still know little about it. How much do you know? Take our quiz and find out!

Correct answer: c) Merit-based Incentive Payment System

Correct answer: a) 3

Correct answer: d) Patient registry development

Correct answer: b) 2019

Correct answer: a) 4%

Correct answer: c) 9%

Correct answer: c) 90 days' worth

Correct answer: b) Quality replaces the Physician Quality Reporting System (PQRS); advancing care information replaces the Medicare EHR Incentive Program / Meaningful Use; and cost replaces the Value-based Modifier.

Correct answer: b) Quality counts for 60% of a physician’s score; advancing care information 25% and improvement activities 15%.

Thanks for taking our quiz! Don't forget to check out our other online quizzes here. Good luck!