HIMSS Word of the Day #157: Merit-based Incentive Payment System (MIPS)
The Merit-based Incentive Payment System (MIPS) is the Medicare program, created by MACRA, that adjusts payments to eligible clinicians based on performance in quality, cost, improvement activities, and Promoting Interoperability. This post explains how MIPS works, MIPS Value Pathways, how scores affect payment, the role of certified EHR technology and electronic measures, and what MIPS means for nurses.