Merit-Based Incentive Payment System (MIPS)

The Merit-based Incentive Payment System (MIPS) is a program by the U.S. Medicare that encourages healthcare providers to deliver high-quality, efficient care. It combines scores from various performance categories such as quality of care, improvement activities, advancing care infrastructure, and cost-efficiency. Based on their total score, providers may receive bonus payments or face penalties. MIPS aims to improve patient outcomes by rewarding providers who demonstrate excellence and accountability in their practice, aligning financial incentives with the delivery of better, more coordinated healthcare.