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A comprehensive guide to value-based care models and how to maximize your incentives this reporting year.
The Merit-based Incentive Payment System (MIPS) adjusts Medicare payments based on performance in quality, cost, and improvement activities. Understanding the scoring methodology is crucial for avoiding penalties and earning incentives.
Why This Matters
Revenue cycle management is not just about billing; it is about the entire lifecycle of a patient account. From the moment an appointment is scheduled to the final payment, every step matters. Errors in the front office can lead to denials in the back office.
Conclusion
Implementing these changes can take time, but the payoff is worth it. Financial stability allows you to invest back into your practice and provide better care for your patients.