Understanding the MIPS Cost Category in 2023

There are minimal changes to the Cost Category for the 2023 Performance Year. Cost still represents 30% of your total MIPS Score, and your Cost measure performance will continue to be calculated using your administrative claims (meaning you won’t need to submit anything for Cost).

Improvement Scoring

For 2023, CMS has introduced a 1% improvement score available for MIPS participants who have improved their scoring in the Cost Category from one Performance Year to the next.

Understanding the Cost Category

We’ve created the video presentation below to help MIPS participants understand the basics of the Cost Category. This video could be helpful if you’d like to learn more about:

• A basic overview of the Cost Category
• The different types of Cost measures
• How Cost measures are scored
• How Cost measure eligibility is determined
• Or how to understand a Cost measure specification

Click play on the video below to watch this short presentation now:

Mingle Health is here to help.

Have additional questions or concerns about the MIPS Improvement Activities Category in 2023? Get in touch with one of our experts today to learn more about MIPS, understand how you can improve your organization’s performance, and set yourself up for success in the coming years.

Click here to return to the 2023 MIPS Success Guide >>