@ShahidNShah
The healthcare industry is on the move; the old conventional reimbursement patterns have evolved to incorporate quality-based healthcare. CMS with commercial payers collect quality data reported by providers, and once the results are out, physician’s ratings are available on the Physician Compare portal. This way, a progressive healthcare system possesses value-based clinicians with ratings.
CMS & NCQA are the two monitoring bodies to assess the performances of clinicians. Physicians are either in for a reward, penalty, or nothing at all, based on the quality of service they provide. Whatever the output is, it directly affects their next Medicare reimbursement status. P3, as a MIPS consulting service, works consistently on rewards and bonuses for their clients.
P3 is primarily a revenue cycle management company with its focus on medical billing and MIPS consultancy. Provider billing services is where we aim to assist our clients the most. While some of them are eligible for MIPS reporting, even if they are not, CMS encourages them to report through the opt-in option.
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