The deadline to submit your 2022 Quality Payment Program data is March 3, 2023, at 8 pm EST.
If you are required to participate in the Quality Payment Program (QPP) based on your volume of Medicare payments or patients, submit your data for 2022. For medical practices that do not have sufficient data to submit for its flagship program, the Merit-based Incentive Payment System (MIPS) – or your data will fall short of the minimum reporting threshold, don’t despair. The federal government just announced an extension of the hardship exception application. If COVID disrupted your practice in 2022, you can opt out of the program (and its daunting 9% penalty, applied to all Medicare reimbursement in 2024) altogether. No proof of disruption is required, and the application takes only minutes. The deadline is March 3, 2023, at 8 pm EST. Note that if any data is submitted, it will override your Exemption qualification. Find the application – and more information – here.
Elizabeth Woodcock is the founder and principal of Woodcock & Associates. She has focused on medical practice operations and revenue cycle management for more than 25 years. She has led educational sessions for a multitude of national professional associations and specialty societies, and consulted for clients as diverse as a solo orthopaedic surgeon in rural Georgia to the Mayo Clinic. She is author or co-author of 17 best-selling practice management books, to include Mastering Patient Flow and The Physician Billing Process: Avoiding Potholes in the Road to Getting Paid. Elizabeth is a Fellow in the American College of Medical Practice Executives and a Certified Professional Coder. In addition to a Bachelor of Arts from Duke University, she completed a Master of Business Administration in healthcare management from The Wharton School of Business of the University of Pennsylvania. She is currently a doctoral student at the Bloomberg School of Public Health of Johns Hopkins University.
The contents of The Sentinel are intended for educational/informational purposes only and do not constitute legal advice. Policyholders are urged to consult with their personal attorney for legal advice, as specific legal requirements may vary from state to state and/or change over time.
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