The future of value‐based emergency care: Development of an emergency medicine MIPS value pathway framework

The Centers for Medicare & Medicaid Services (CMS) implemented the Merit‐based Incentive Payment System (MIPS) to accelerate the transition of physician payment toward value‐based care models and away from traditional fee‐for‐service payment programs. In recent years, CMS has sought to modify the program by developing a MIPS Value Pathway (MVP) framework intended to use existing and future physician quality and cost measures to reward value‐based care delivery. This article describes the multi‐step process of the MVP Task Force, convened by the American College of Emergency Physicians (ACEP) to develop an emergency medicine‐specific MVP proposal informed by diverse stakeholder perceptions regarding: (1) which existing quality measures reflect high quality emergency care, and (2) the degree to which emergency clinicians can impact clinical outcomes and cost for the care domains captured by existing quality measures. The MVP Task Force synthesized stakeholder feedback and underwent a consensus‐building approach to develop the “Adopting Best Practices and Promoting Patient Safety within Emergency Medicine” MVP, recently reviewed and approved by CMS for national implementation starting in 2023. Our process and findings have broad implications for clinicians, administrators, and policymakers navigating the continued transition to value‐based care in conjunction with CMS's implementation of the MVP framework.