The Merit-Based Incentive Payment System (MIPS) is an initiative that will determine Medicare payment adjustments based on the composite performance score. The eligible clinicians (ECs) will be entitled to receive a payment bonus, a payment penalty, or no payment adjustments. The MIPs is a part of the Quality Payment Program (QPP) implemented under the provisions of Medicare Access and CHIP Reauthorization Act of 2015 (MACRA).
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