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NEW GOVERNMENT INCENTIVES ARE
AVAILABLE FOR MEDICAL PRACTICES THAT ADOPT
TECHNOLOGY NOW!
Currently e-Prescribe and
PQRI provides higher reimbursements for your
practice. ENS will guide you through the process
and make sure you maximize the benefits being
offered
The American Recovery and
Reinvestment Act provides: $790 billion
Approximately $59 billion within the Bill is
allocated towards the improvement of healthcare
in some form
-
Health IT
-
Training for more primary
care physicians
-
Research on chronic
diseases
-
Community Health Centers
-
“Comparative
Effectiveness” research
The Health
Information Technology for Economic and Clinical
Health Act (‘‘HITECH“) includes $19 billion for
health information technology
$17 billion
- HHS Discretionary Funds (For Use By National
Coordinator of Health IT)
+ $2 billion
- Standards Development, Grants (AHRQ, HRSA,
CMS), HIE Infrastructure, Loans to the States
for EHR, Regional HIT Resource Centers,
Telemedicine, Efficacy Studies
Total incentives = $19
billion
$17 billion in incentives require proof
of "meaningful" use
-
Use of a certified
product as determined appropriate by the
Sec. of HHS
-
The EHR technology must
be connected
-
Complies with submission
of reports on clinical quality measures
Those that adopt
first will benefit the most (declining
incentives)
Physicians can earn between
$44,000 to $64,000 over five years from Medicare
/ Medicaid if they are utilizing an EHR in 2011
-
Late adopters will
receive significantly less
-
Providers may receive
incentives under only one of the programs
-
2015: reductions in
Medicare/Medicaid fees for non-EHR users
-
Hospitals can earn up to
$2,000,000 plus discharge bonuses (total
payout to them could be $10 million +)
Why Physicians Should
Engage NOW
-
Funding for Stimulus is
front-loaded
-
Need to demonstrate
meaningful use – purchase isn’t enough
-
Funding is time stamped –
goes away over time
-
Solutions must be
CCHIT-certified
-
Best leverage for pricing
is now. Supply and demand will dictate
market pricing
-
Implementation times will
be delayed for those who wait
Leverage Existing
Incentives NOW
-
2% from CMS for
e-prescribing
-
2% from CMS for
Physicians Quality Reporting Initiative
(PQRI)
-
Estimated $6-8k benefit
per physician per year
Funding is Front
Loaded
-
$ 30,000 (close to 70% of
the funding) comes in the first two years
-
It decreases
significantly every year thereafter.
-
Don't miss the window of
time when the incentives are the greatest.
You Need to
Demonstrate Meaningful Utilization
-
Purchase and
Implementation are not enough. You must use
it.
-
Your group needs to move
fast to ensure you have evaluated your
workflows, developed your selection
criteria, selected a vendor, developed your
implementation plan, installed your EHR,
connected to other providers and have your
MDs fully functional.
-
A lot to do in a short
period of time
Funding is Time
Stamped
-
Your opportunity is
timed-based
-
For every day you don't
implement, you lose a portion of the
incentive.
-
Funding starts in 2011,
decreases over time and goes away after 2015
-
You are either
operational in that time or you lose the
opportunity for the funding
-
Penalties begin in 2015
>>Contact
Us about
Project Funding
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