What Happens When I Choose Not to Report Data for MIPS 2021?
The MIPS 2021 reporting period has started. And here begins the struggle for physicians to report their data. There is a lot on the line, for instance, physicians’ reputation, payment adjustments, and bonuses. But, what about the physicians, who choose to not report data. Simply, they will miss out on many things. Every year, MIPS eligible clinicians struggle to comply with the data submission criteria. The amount of data that they have to go through to compile relevant files is huge. Most of them thus, reply on CMS recognized MIPS Qualified Registry to make sure their data is accurate and documented as per the high standards. What Can Go Wrong When Physicians Do Not Report MIPS 2021 Data? The thing is MIPS 2021 reporting is a chance to go bigger with incentives as long as physicians report for it. In an otherwise situation, the following cases can occur. Physicians are Excused from 9% of MIPS Penalty The good news is this year, CMS will not put any penalty for any physi