Want an Increase in Medicare Payment? Participate in MIPS
Automatic annual increases in Medicare payment for outpatient therapy services is coming to an end after 2019 unless you participate successfully in the Merit-Based Incentive Payment Program (MIPS). Due to the passage of the Medicare Access and Chip Reauthorization Act of 2015, providers of outpatient therapy services received an annual update of 0.5% from July 2015 through 2019. For calendar years 2020-2025, there will be no update to the conversion factor that CMS uses to determine the payment amount for each CPT code paid under the Medicare Physician Fee Schedule. For 2026 and beyond, providers who participate in alternative payment