Why It Pays to Get Quality Payment Program (QPP) Support
Posted by Paolo Gabriel Demillo
It’s no secret that the Quality Payment Program (QPP) is a source of frustration for many providers and practice owners. The complex and time-consuming administrative work that goes into performance tracking, documentation, and submission can be overwhelming, especially for understaffed practices.
However, if carefully planned and properly implemented, QPP can give your practice significant financial benefits. The problem, though, lies in the time and staffing required to get your compliance measures in order. Tracking and managing a year’s worth of data is no easy task. That’s why it pays to get QPP support.
What is the Quality Payment Program?
Introduced in 2017, QPP is a Medicare payment program that aims to transform physician payments into a value-based framework rather than one focused on volume. In other words, QPP emphasizes the quality of care provided, not the number of patients seen.
The Quality Payment Program currently has two payment frameworks: the Merit-based Incentive Payment System (MIPS) and the Alternative Payment Model (APM). However, starting in 2023, the Centers of Medicare and Medicaid Services (CMS) will add the MIPS Value Pathways (MVPs) into the payment frameworks mix.
Maximize Incentive Payments
Many independent medical practices are still reeling from the effects of the pandemic. However, the record-high inflation rates and a looming recession could further derail their post-pandemic recovery.
Now more than ever, it’s essential to maximize every opportunity to augment your cash flow and avoid any unnecessary penalty that could hurt your income. And there’s no better way to do that than by maximizing your incentive payments.
But how exactly can you focus on your QPP compliance when you and your staff already have your hands full with clinical work and other administrative tasks?
Get QPP Support
Unfortunately, many practices take on the burden of tracking, gathering, and submitting their performance data themselves to avoid the added overhead costs. However, contrary to popular belief, you don’t need a permanent, all-year-round team to ace your QPP compliance measures. All you need is the right set of tools and a dedicated team of experts you can tap into whenever you need help.
Luckily, sophisticated electronic health record (EHR) systems like Meditab’s Intelligent Medical Software (IMS) provide not only QPP management tools but also a team of attestation experts to support all your QPP compliance needs.
From helping you determine which measures to meet to validating data, submitting reports, providing training, giving feedback, and more, Meditab’s team of experts can provide your practice with all the support you need to improve your MIPS score and increase your incentive payments.
Rather than seeing QPP as another hill to climb, view it as an opportunity to earn more instead. With the right support tools and a team of experts to guide you through the entire reporting cycle, you can maximize your revenue potential without the extra work.