Medisoft Clinical And Our Interpretation Of Physician EHR Software Reimbursement In Obama 2009 Economic Stimulus Plan and Medisoft Clinical
Thursday, February 19th, 2009Medicare will use both carrot and stick approach to reward EMR\EHR adoption, and to penalize non-adoption.
Incentives include up to $64,000 + for early adopters of EHR Software. Penalties estimate up to 3-5% of medicare billings.
Four critical aspects of the bill include:
1- Elegibile Professional; (under medicare provisions of the bill, an elegibile professional is a doctor of medicine or ostepoathy; dentists; podiatrists; optometrists; chiropractors).
2- Not be hospital based;
3- Demonstrate “Meaningful Use” of an EHR software. To be left up to discretion of HHS Secretary, but expected to include e-prescribing, interoperability, clinical reporting,
4- Certified EHR program. - yet to be determined by HHS Secretary, but exptected to include CCHIT certification.
Incentives will be allowed thru two provisions:
1-Medicare incentives
2-Medicaid incentives
But NOT BOTH. No incentives after 2016. Up to 10% additional reimbursements for physicians in “physician shortage areas”.
Physicians who demonstrate “meaningful use” in first two years receive a $3,000 bonus.
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Legal Disclaimer - this post represents our own interpretation and should verified with your legal and accounting staff or consultants.