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Are You Ready for MIPS 2021?
For Money Tree Billing clients, if you are thinking about VOLUNTARILY opting in to participate, please contact MTB for help with the new codes & new MIPS process.
As many of you already know, the G8730 Reporting code has been deleted for 2021. This is prompting many of you to ask about MIPS.
Below are the requirements for MIPS, most Chiropractic clinics will not meet this criteira and will be able to STOP reporting the G codes altogether. If you are unsure of your participation requirements, use the link to the lookup tool and with your NPI number you will be able to see if you are required to participate.
You can now use the updated Quality Payment Program Participation Status Tool to check on your initial 2021 eligibility for the Merit-based Incentive Payment System (MIPS).
LINK to LOOKUP: https://qpp.cms.gov/
Just enter your National Provider Identifier, or NPI, to find out whether you need to participate in MIPS during the 2021 performance year.
Low-Volume Threshold Requirements
To be eligible to participate in MIPS in 2021, you must:
- Bill more than $90,000 a year in allowed charges for covered professional services under the Medicare Physician Fee Schedule (PFS); AND
- Furnish covered professional services to more than 200 Medicare Part B beneficiaries; AND
- Provide more than 200 covered professional services under the PFS.
If you do not exceed all 3 of the above criteria for the 2021 performance year, you are excluded from MIPS. However, you have the opportunity to opt-in to MIPS and receive a payment adjustment if you meet or exceed 1 or 2, but not all, of the low-volume threshold criteria. Alternatively, you may choose to voluntarily report to MIPS and not receive a payment adjustment if you do not meet any of the low-volume threshold criteria or if you meet some, but not all, of the criteria.
Please note, beginning in 2021, the Centers for Medicare & Medicaid Services (CMS) will evaluate the low-volume threshold for MIPS Alternative Payment Model (APM) participants at the individual or group level, just as it does for participants who are not in MIPS APMs. CMS will no longer evaluate APM Entities for the low-volume threshold.
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MN Docs: BCBSMN NEW EFT Enrollment Changes
We wanted to make our Minnesota Docs aware of this update we received February 3 from SecureCare.
This is only for CHANGES or NEW EFT ENROLLMENTS
We want to ensure you are aware of an important bulletin recently posted by Blue Cross and Blue Shield of Minnesota and Blue Plus (Blue Cross) which could impact your practice.
To further safeguard provider bank accounts and routing information, Blue Cross is changing the processes to request new Electronic Funds Transfer (EFT) set up and to request updates to existing EFT information.
For a full explanation of changes and new instructions, click here.
If you have further questions, please contact Blue Cross Provider Services at 651-662-5200 or 800-262-0820.
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INTRODUCING OUR VERY OWN… MTB COACHING!!!
We are excited to announce our new Coaching program, MTB Coaching! Several months in the making, we have been hard at work finalizing the program and will soon be unveiling it to you.
MTB Coaching is designed to be a business coaching service specific to chiropractors and their teams. We have partnered with ActionCoachMN to give the chiropractic community a combination of chiropractic processes and systems with business best practices.
The average clinic works in a space where two worlds collide – their chiropractic calling/passion vs. their responsibility as a business owner. Most chiropractic coaching programs that we have experienced are led by chiropractors and specialize in the chiropractic world. The success achieved through these programs is limited by the business knowledge of the chiropractic coach. Often what’s missing is business-strategy and best practices.
The goal of MTB Coaching is simple; instead of the two worlds colliding in a constant battle, MTB Coaching will effectively coach our clients and help them integrate those two worlds into one successful business that allows them to focus on the health and wellness of their patients. MTB Coaching will be focused on chiropractic (patient care, scripting, training, billing, coding, etc.) and business growth (cash flow, business structure and planning, team building, marketing, etc.).
Our Coaching program will initially have 2 levels of coaching. In the future, we hope to integrate a third option that will consist of virtual trainings and live interactive webinars.
We would like to offer you a taste of what this exciting program has to offer! Please enjoy the playback of our webinar: TRANSFORM YOUR TEAM: Lead A Team Of All-In, Engaged People. This session is an example of the informative topics and quality our coaching clients can come to expect. During this virtual workshop, we got into the trenches to help you create a team with every person in your organization moving in the same direction, so you can conquer any industry, in any market, against any competition, in any economic situation!
CLICK HERE to watch the playback of our TRANSFORM YOUR TEAM: Lead a Team Of All-In, Engaged People and join us as we lay the groundwork for all of this to happen so your organization can become an even bigger impact on the clients and the community you serve.
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