1) MIPS aims to simplify physician benchmarking and scoring by consolidating existing quality reporting programs into a single program called MIPS. It will include measures of quality, clinical practice improvement activities, advancing care information, and resource use.
2) Approximately 95% of providers will participate in MIPS. Scores will be publicly reported, with winners receiving bonuses and penalties funding the bonuses.
3) MIPS scoring involves assigning point values to performance in each category, with the largest weights on quality (50%) and advancing care information (25%). Higher performance will result in positive payment adjustments while low performance may result in penalties.