Out-of-the box solution enables healthcare organizations, practices and physicians to aggregate data and meet requirements of the new Merit-Based Incentive Payment System
East Windsor, NJ — January 15, 2017 — The ONC Certified eMeasures360™ for MIPS Platform, released by SpectraMedix, streamlines the transition to the Merit-Based Incentive Payment System (MIPS) for healthcare organizations, practices and physicians. The end-to-end solution guides providers through the entire MIPS implementation process, including complying with all four MIPS categories, and also enables extraction and harmonization of claims, clinical, survey and self-reported data to support MIPS reporting.
MIPS, which is part of the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA), consolidates the Physician Quality Reporting System (PQRS), Meaningful Use (MU) and Value-Based Payment Modifier (VBM) initiatives into one program. MIPS has significant financial implications, with potential Medicare payment adjustments ranging from -9% to +27%.
eMeasures360™ for MIPS Platform eases the transition to MIPS by providing:
- A Qualified Registry for Individual, GPRO and Specialty Sets
- Tracking of Clinical Improvement Activities
- Tools to Extract and Harmonize Claims, Clinical, Survey and Self-Reported Data
- A Library of Over 400 Measures (MIPS, HEDIS, eCQM, AHRQ, NQF)
- A Validation Process for MIPS Measure Calculation
- Near Real-Time Performance Tracking
SpectraMedix also provides a comprehensive MIPS Readiness Assessment that empowers executives, administrators and clinicians to understand their organization’s needs and make informed decisions as they transition to MIPS.
“Our ultimate goal is to minimize for our customers both their risk and workload as they transition to MIPS, allowing them to concentrate on delivering quality patient care,” said Raj Lakhanpal, MD, FRCS, FACEP, Chief Executive Officer, SpectraMedix.
SpectraMedix partners with hospitals, health systems, provider organizations, health information exchanges and payers to improve care delivery and support their transition to value-based payment models. Our industry leading SpectraMedix 360™ Platform, powered by the eMeasures360™ quality management and eureQa360™ population health intelligence solutions, provides advanced data integration, quality measurement and population health analytics capabilities to implement initiatives including the Merit-Based Incentive Payment System (MIPS), Medicaid reform programs, Clinically Integrated Networks, ACOs, financial risk modeling, bundled payments and electronic clinical quality measures.
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