In the world of healthcare, the Merit-Based Incentive Payment System (MIPS) plays an instrumental role in incentivizing providers to deliver high-quality, efficient patient care. However, staying up-to-date with MIPS can be a challenge as the program is subject to continuous changes and updates. This article aims to provide a comprehensive understanding of MIPS, discuss its current impact, and delve into upcoming changes announced by the Centers for Medicare & Medicaid Services (CMS).