6. Everyone knows this drill.
Some practices have already submitted PQRS data through a qualified registry. Continue doing that for MIPS to avoid a penalty in 2019.
7. This could be a deal-breaker.
If a physician is just out of medical school or newly enrolled in Medicare, they are exempt until the following performance year. However, engaging with value-based reimbursement will impart a better understanding of the business and payer sides of healthcare that affect the bottom line. Since the penalty will be 4% in year one, and if that margin keeps the doors open, it makes sense to report
8. Be confident in your abilities.
Physicians survive and excel through the most complex academic and professional rigors. They can certainly learn how value-based reimbursement works and how to make it work best for the practice.