What is the purpose of the Merit-based Incentive Payment System (MIPS) under QPP?

The Merit-based Incentive Payment System (MIPS) was specifically designed to adjust Medicare payments based on the performance of clinicians across different categories. It evaluates providers on several performance measures, including quality of care, improvement activities, promoting interoperability, and cost efficiency. This pay-for-performance approach encourages clinicians to enhance quality and patient outcomes as their reimbursement is tied to how well they perform in these areas.

By linking payment adjustments to the performance in various metrics, MIPS aims to foster a healthcare environment that prioritizes high-quality care and encourages continuous improvement. This approach contrasts with the other options, which either suggest a fixed payment structure or focus on aspects of volume or generalized bonuses that do not reflect individual clinician performance.