• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

  • Opinion
  • Health IT
    • Behavioral Health
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Patient Engagement
    • Population Health Management
    • Revenue Cycle Management
    • Social Determinants of Health
  • Digital Health
    • AI
    • Blockchain
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • M&A
  • Value-based Care
    • Accountable Care (ACOs)
    • Medicare Advantage
  • Life Sciences
  • Research

CareCloud EHR Offers Merit-based Incentive Payment System (MIPS) Success Guarantee for Medical Groups

by Fred Pennic 03/29/2017 Leave a Comment

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

 

CareCloud

Cloud-based practice management EHR provider CareCloud announced today it has integrated Merit-based Incentive Payment System (MIPS) regulations from the Centers for Medicare and Medicaid Services (CMS) into their clinical quality management programs. For eligible clinicians,  the integration of clinical quality templates will streamline MIPS reporting for CareCloud clients through a new guarantee program that promises that its medical practice clients will avoid costly penalties.

Eligible clinicians who do not submit MIPS data in 2017 will face a four percent fee adjustment penalty to their Medicare Part B reimbursements in 2019. To support these clinicians, CareCloud is issuing a MIPS Success Guarantee as part of its clinical technology offering. The guarantee ensures that all of the company’s existing clients and any new providers using the latest version of its CareCloud Charts EHR as of September 31, 2017 will receive no penalties from CMS under MIPS. CareCloud’s support goes beyond penalty avoidance to flip MIPS into an opportunity to enhance quality reporting and care management. All clients will receive ongoing performance coaching and service throughout the 2017 performance year to maximize their chances at qualifying for bonuses in 2019, at no additional cost.  

“Value-based care is fundamentally changing how medical practices get paid,” said Ken Comée, CEO of CareCloud in a statement. “These shifts are aimed to strengthen the link between quality and reimbursement, but the transition is tough. We are proud to be offering this guarantee and new support programs to help make MIPS participation easy for eligible clinicians. Our clients will be on the forefront of earning incentives and delivering outstanding patient experience in this new program for value-based care.”

Related: CareCloud Lands $31.5M for Cloud-based Practice Management EHR Platform

Healthcare Informatics reports that there are “alarmingly low levels of knowledge” among physicians about Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) and its core components, including MIPS. An estimated 600,000 physicians will be subject to the MIPS program this year. MIPS penalties could have a significant impact on U.S. physicians if they are not prepared. The severity of the penalties increases based on the percentage of Medicare Part B patients being treated within a specific practice. 

For example: a primary care provider could see their reimbursements from Medicare be reduced by $5,000 to $15,000, an orthopedic surgeon could see a reduction of $15,000 to $25,000, and an ophthalmologist could see a reduction of $20,000 to $30,000, based on average net collections per provider tracked by the American Medical Group Association (AMGA) and assuming 40-60% Medicare Part B patient share

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

Tagged With: CareCloud, carecloud practice management, Merit-Based Incentive Payment System (MIPS)

Tap Native

Get in-depth healthcare technology analysis and commentary delivered straight to your email weekly

Reader Interactions

Primary Sidebar

Subscribe to HIT Consultant

Latest insightful articles delivered straight to your inbox weekly.

Submit a Tip or Pitch

Featured Insights

 Selecting the Right EMR: A Practical Guide to Streamlining Your Practice and Enhancing Patient Care

Selecting the Right EMR: A Practical Guide to Streamlining Your Practice and Enhancing Patient Care

Featured Interview

Virta Health CEO: GLP-1s Didn’t Kill Weight Watchers, Its Broken Model Did

Most-Read

Meaningful Use Penalties_Meaningful Use_Partial Code Free_Senators Urge CMS to Establish Clear Metrics for ICD-10 Testing

CMS Finalizes TEAM Model: A New Era of Value-Based Surgical Care

White House Event Unveils CMS Health Tech Ecosystem Initiative

White House Event Unveils CMS Health Tech Ecosystem Initiative

Digital Health Faces Q2'25 Pullback: Funding Falls to 5-Year Low, But AI Dominates and $1B+ IPOs Emerge

Healthcare Investment Shifts in 1H 2025: AI Remains a Bright Spot Amidst Fundraising Decline

Digital Health Faces Q2'25 Pullback: Funding Falls to 5-Year Low

Digital Health Faces Q2’25 Pullback: Funding Falls to 5-Year Low

Beyond the Hype: Building AI Systems in Healthcare Where Hallucinations Are Not an Option

Beyond the Hype: Building AI Systems in Healthcare Where Hallucinations Are Not an Option

Health IT Sector Navigates Policy Turbulence with Resilient M&A

Health IT’s New Chapter: IPOs Return, Resilient M&A, Valuations Rise in 1H 2025

PwC Report: US Medical Cost Trend to Remain Elevated at 8.5% in 2026

PwC Report: US Medical Cost Trend to Remain Elevated at 8.5% in 2026

Philips Launches ECG AI Marketplace, Partnering with Anumana to Enhance Cardiac Care with AI-Powered Diagnostics

Philips Launches ECG AI Marketplace, Partnering with Anumana to Enhance Cardiac Care with AI-Powered Diagnostics

WeightWatchers Emerges from Bankruptcy, Launches New Menopause Program

WeightWatchers Emerges from Bankruptcy, Launches New Menopause Program

CMS Finalizes New Interoperability and Prior Authorization Rule

CMS Proposes 2026 Physician Fee Schedule Rule: Boosting Primary Care, Cutting Waste, and Modernizing Payments

Secondary Sidebar

Footer

Company

  • About Us
  • Advertise with Us
  • Reprints and Permissions
  • Submit An Op-Ed
  • Contact
  • Subscribe

Editorial Coverage

  • Opinion
  • Health IT
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Population Health Management
    • Revenue Cycle Management
  • Digital Health
    • Artificial Intelligence
    • Blockchain Tech
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • Value-Based Care
    • Accountable Care
    • Medicare Advantage

Connect

Subscribe to HIT Consultant Media

Latest insightful articles delivered straight to your inbox weekly

Copyright © 2025. HIT Consultant Media. All Rights Reserved. Privacy Policy |