MACRA Part 2
Maximizing MIPS Reimbursement
Laying the Right Foundation for Data Management
In the first edition of this two-part series covering MACRA and MIPS, we provided an overview of MIPS and its impact on terminology management and quality reporting. Part 2 will discuss why terminology management is critical to maximizing reimbursement under the new rule.
The stakes for quality and cost performance continue to rise. The Medicare Access and CHIP Reauthorization Act (MACRA) of 2015 is a prime example of why providers need to prioritize data access and management on a higher level than ever before.
Semantic interoperability—or the ability of two systems to exchange data in a meaningful way—remains a barrier to accurate data analytics and reporting. As pointed out in the first installment of this series, effective data normalization and terminology management is critical to accurately capturing data. Below I outline why terminology management must become a priority to maximize reimbursement within MACRA’s Merit-Based Incentive Payment System (MIPS).