Advanced APMs are a subset of APMs identified by the Centers for Medicare and Services (CMS) under the QPP. Unlike other APMs, Advanced APMs require that the model include financial risk, quality reporting and use of Certified Electronic Health Record Technology (CEHRT) by a majority of the APM participants. Clinicians who have significant participation in an Advanced APM and meet payment or patient volume thresholds are referred to as Qualifying APM Participants (QPs). They are not subject to Merit-based Incentive Payment System (MIPS) and qualify for financial bonuses. Practices can earn more for taking on some risk related to their patients' outcomes. For example, a QP can earn a 5% incentive payment by taking on risk through an Advanced APM. A partial qualifying APM participant (Partial QP) may choose whether they want to participate in MIPS. If these clinicians do not participate in MIPS, they will not be required to report to MIPS and will not receive a MIPS payment adjustment. If they choose to participate in MIPS, they must meet all MIPS reporting and scoring requirements. As is true for QPs, Partial QPs are not subject to MIPS.