SharePhysician HIT (EHR) Incentives
As eligible professionals (EPs) under Centers for Medicare and Medicaid Services (CMS) Meaningful Use rules, physicians have the opportunity to invest in a certified electronic health record (EHR*) system using ARRA Stimulus dollars.
If you are a physician interested in pursuing an EHR implementation, you can maximize the incentive payments you receive by getting an early start. Beginning in 2011, EPs will be eligible to receive up to $44,000 over five years of participation. Incentives decrease beginning in 2013 and end in 2016. You must begin by 2014 in order to receive any funds.
Keep in mind, that all incentive payments are contingent upon your Meaningful Use of the EHR.
Penalties for non-adoption and active Meaningful Use deployment of an EHR start in January 2015 by reductions of up to 1% in your Medicare reimbursement. This increases to 3% by 2017.
Be aware that the amount of your incentive is based on your fee-for-service allowable charges.
*Meaningful Use ONC-ATCB Certified
Care360 EHR, version 2011.2, is 2011/2012 compliant and has been certified by, the Certification Commission for Health Information Technology (CCHIT®), an ONC-ATCB, in accordance with the applicable certification criteria for eligible providers adopted by the Secretary of Health and Human Services. This certification does not represent an endorsement by the U.S. Department of Health and Human Services or guarantee the receipt of incentive payments. Quality measures certified are all 44 Eligible Provider measures.
Date Certified: March 31, 2011. Product version: 2011.2. Certification number: CC-1112-936980-1.
MedPlus is the healthcare information technology subsidiary of Quest Diagnostics and Care360™ is a registered trademark of Quest Diagnostics.
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For more information about Care360 Solutions, please contact us at info@medplus.com.
