Physicians partaking in the Merit-based Incentive Payment System must submit their 2017 performance data by March 31, according to the American Hospital Association.
Here are five things to know.
1. The MIPS payment system is part of the Medicare Access and CHIP Reauthorization Act's Quality Payment Program.
2. MIPS reimburses Medicare Part B claims based on four performance areas: quality, improvement activities, advancing care information and cost.
3. These categories make up a provider's final score. The final scores submitted on the approaching March 31 deadline will dictate whether a provider will see a payment increase or decrease in 2019.
4. MIPS performance years begin Jan. 1 and end Dec. 31 of each year, meaning the upcoming deadline is for 2017 performance year data.
5. In February, HHS Secretary Alex Azar said at a Senate Finance Committee meeting that HHS wants to end or significantly lessen the reporting requirements for physicians under MIPS.