I am sure many of you have heard talk about Virtual Groups, and may have even looked into joining one. If you have only heard in passing about the third level of submission available for participation in the Quality Payment Program, we will shed some light for you on Virtual Groups. We’ll explain what they are, and how to decide if a Virtual Group would be a good fit for your practice. If you have considered or are planning to join a Virtual Group, we will also outline the necessary steps to establish one and participate at this level.
CMS defines a Virtual Group as “a combination of two or more TINs consisting of the following: Solo practitioners who are MIPS eligible (a solo practitioner is defined as the only clinician in a practice); and/or groups that have 10 or fewer clinicians (at least one clinician within the group must be MIPS eligible). A group is considered to be an entire single TIN”. This allows smaller practices (10 or less EC’s) to join together with other like practices to form one reporting entity for QPP. Doing so allows for the potential to maximize overall performance and positive payment adjustments under this program.
Webinar September 6 – Whats the Big Deal About Virtual Groups?
Thursday September 6th 12-1 p.m. ET