This content is excerpted from EyeNet’s MIPS 2021; also see the Academy’s MIPS hub page.
Performance threshold is now 60 points. Your 2023 Medicare Part B payments will be penalized if your 2021 MIPS final score falls below a performance threshold of 60 points (see Table: Performance Penalty). This is up from 45 points last year.
You may need to update your MIPS strategy. Because of this higher performance threshold, you can’t assume that you will avoid the penalty with the same measures and the same level of performance as last year.
Quality’s weight reduced; cost’s weight increased. Your MIPS final score is based on your weighted scores in up to four performance categories. The quality performance category and cost performance category are weighted at 40% and 20%, respectively, of your MIPS final score in 2021, compared with 45% and 15% in 2020.
Note: In 2021, ophthalmologists who don’t perform cataract surgery are likely to be excluded from the cost performance category, in which case cost’s weight in the MIPS final score would be reallocated to quality in most reweighting scenarios (see Table 1: How the Performance Categories Are Weighted).
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