What is MIPS?
MIPS is currently CMS’ largest value-based care (VBC) payment program and a major catalyst towards transforming the healthcare industry from fee-for-service to pay-for-value. MIPS also serves as the primary stepping stone for provider organizations to graduate to APMs operated by CMS. Tenets of the MIPS program have been adopted by other value-based programs. For example, all Advanced APMs must adopt quality measures comparable to those approved for MIPS, and Medicare Shared Savings Program (MSSP) accountable care organizations (ACOs) are rated on their compliance with the MIPS Advancing Care Information (ACI) performance category. In 2018, more than half-a-million clinicians’ 2017 MIPS scores will be publicly published by CMS, further expanding the program’s influence on the industry’s shift towards value-based care.