There are two pathways under the Quality Payment Program (QPP): MIPs and Advanced APMs. Unless you qualify as a participating clinician in an Advanced Alternative Performing Model, MIPS will be your default. MIPS has four weighted performance categories, identified below. This post will focus on Quality and Cost.
Once upon a time, news of PHI disclosures or healthcare data breaches only caught the interest of security and privacy nerds. Now they grab headlines and prompt worries and distress among practice owners, privacy officers, CFOs, and patients alike.
Part 2: Audit Requirements
To assist private companies in understanding what the auditors will request and review, we have identified some of the relevant auditing standard requirements below.
As the effective date for the new revenue guidance in ASC 606, Revenue from Contracts with Customers, quickly approaches for many private companies (January 1, 2019 for calendar-year companies), management and audit committee members are faced with many questions.