Paperless Trending Industry - Healthcare
Did you know that legislators are pushing for Paperless Systems in Healthcare?
The American Recovery and Reinvestment Act (ARRA) of 2009, included new funding for Health Information Technology (HIT). A significant portion ($17 billion) of the funding for HIT will support incentives for physicians who have adopted Electronic Health Records (EHRs). Eligible professionals who treat outpatient Medicare patients and demonstrate that they are using a "certified" EHR in a "meaningful" way can earn incentive payments totaling up to $44,000 (per physician) over 5 years. Starting in 2015, Medicare reimbursement rates will be reduced 1% for physicians who do not meet this requirement. Physicians who treat Medicaid patients and demonstrate that they are using an EHR will be eligible for incentive payments totaling up to $63,750 (per physician) over 6 years. Funding is also available to encourage hospitals to adopt EHRs.
To obtain the full incentive, physicians must begin participation in the Medicare incentive program in 2011 or 2012. The amount of the incentive is reduced when participation starts after 2012, and the last year to begin participation and earn an incentive is 2014. The Medicaid incentive program started in 2010 and runs through 2021. Physicians do not need to demonstrate meaningful use in the first year of the Medicaid program, but rather demonstrate efforts to adopt, implement, or upgrade to a certified EHR.
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