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Allscripts MyWay
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The HITECH Act
Don’t Burn Up Money... the time is now
The reimbursement schedule for EHR adoption is aggressive. With the Stimulus Bill Physicians can earn up to $44,000 over the next five years.
Within the HITECH Act, (Division B, page 489) is a very aggressive schedule to meet the oft-stated deadline of all US citizens having an electronic record of their health by end of 2014. Those physicians that move quickly (demonstrate being a “meaningful EHR user”) will reap the greatest rewards, up to $48,400, through Medicare reimbursements. Those that drag their feet (adopting in year 2015 or later) will end up with zero reimbursement, and worse, in the form of future penalties from CMS.
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Cost Free Acquisition
“The Federal reimbursement schedule for Electronic Health Records adoption is very aggressive!”
“With the Stimulus bill Physicians can earn over $44,000 in the next five years. If they get started today.”
Otherwise, providers who do not “demonstrate meaningful use of an EHR” by the end of 2014 will see, in their 2015 fee schedules from Medicare, a decrease of 1 percent. An additional decrease will be affected in 2016 and 2017 down to a total of 97 percent of the regular fee schedule.
The following table provides our interpretation of the Medicare physician reimbursement schedule for that $19.2B.
Improving Quality of Life
Amount You will Receive Each Year from CMS |
||||||||
Year EHR use is first demonstrated |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
TOTAL |
|
2011 |
$18,000 |
$12,000 |
$8,000 |
$4,000 |
$2,000 |
$0 |
$44,000 |
|
2012 |
$0 |
$18,000 |
$12,000 |
$8,000 |
$4,000 |
$2,000 |
$42,000 |
|
2013 |
$0 |
$0 |
$15,000 |
$12,000 |
$8,000 |
$4,000 |
$39,000 |
|
2014 |
$0 |
$0 |
$0 |
$12,000 |
$8,000 |
$4,000 |
$24,000 |
|
2015 or Later |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
|