As a provider of medical billing services specializing in physical therapy, Optimal Billing Solutions prides ourselves in providing accurate and truthful information. With the initiation of MIPS reporting for physical therapy in 2019, there has been a tremendous amount of confusion and misinformation regarding the details of this process. Some sources may share information that is often very misleading and not always the entire truth to push a hidden agenda that will benefit their business. It is imperative that physical therapy providers do their due diligence to ensure that they are receiving accurate information when it comes to MIPS and what this all entails. Keep in mind, that you could be mislead by companies that are trying to sell you their product by instilling fear in the provider. Making hasty decisions based on fear and misinformation does not necessarily lead to the best outcome for you and your practice.
Please check out this article to find out some of the misconceptions that are being told to physical therapy providers and what the accurate information is. WebPT has derived 5 common lies that are being spread throughout the physical therapy community and the 5 truths to counteract those lies.
At the very least, you should first determine whether or not you will be required to report MIPS. You can start by checking your eligibility status here. Also, understanding the requirements of the low-threshold criteria established by CMS will help you to determine if reporting is a must for you.
Ultimately, being properly and accurately informed will help you to make the best decision on whether to participate in MIPS reporting. Regardless if you are doing your own research on this topic or getting advice from alternate sources, just be sure that you are not being manipulated by anyone’s hidden agenda.
If you should have any questions, please feel free to give us a call at 844-891-7564. Our Huntington Beach office specializes in Physical Therapy Billing.