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In 2024, failing to meet MIPS standards could result in up to a 9% reduction in payments. Your MIPS score is a composite of 4 categories. Each of these has its own measures, requirements, scoring metrics, and timelines. A minimum score of 75 is needed to avoid a negative adjustment in your 2026 Medicare Part B reimbursement. MIPS scores are calculated from four performance categories: ?? Quality: Measures the standards of care you provide to patients. ?? Cost: Evaluates how efficiently you manage resources and control costs. ?? Improvement Activities: Assesses your efforts to enhance care processes. ??? Promoting Interoperability: Focuses on your use of certified EHR technology to coordinate patient care. Accurate tracking and reporting are crucial to maximizing your MIPS score. ? #ValueBasedCare #MIPS #HealthcareConsulting #QualityPaymentProgram #QPP #KRKVBC