Provider Networks

Leverage Healthmonix MIPS Cost Analytics for Revenue Transparency

The cost of services for Medicare patients is becoming increasingly important in determining an organization’s MIPS score, yet you likely have no access to your data.

That’s why we created MIPS Cost Analytics. It is the first and only technology platform that provides current Cost data for all Medicare patients quarterly, rather than 18 months after-the-fact. 

Why is this important?  Since 2018, the Centers for Medicare & Medicaid Services (CMS), has included Cost as an important part of MIPS calculation.  Over the years, CMS has gradually increased the weighting of the Cost Performance Category, mandating a shift from 20% of the overall MIPS score in 2020, to 30% by 2022. Eventually we will see Cost being weighted the same as Quality.

Our team at Healthmonix fought to become certified in the CMS QE Program so we could get access to Medicare cost data every quarter. We invested in data scientists, so we could analyze it quickly and make it useful to medical practices. Our software developers are applying artificial intelligence, machine learning and predictive analytics to this data, so executives can act to improve their MIPS scores.

Gain true transparency and accountability:

  • Fast access and insights into Medicare Cost data
  • Customized Dashboard
  • Comparative data for all providers in the network
  • Improved MIPS Cost Score

Watch the following video to learn how MIPS Cost Analytics is helping providers experience less stress and more revenue through greater insights around their Cost data.