If you are an eligible professional for the EHR incentive program or Medicare PQRS program Finch Healthcare will guide you towards getting the incentives and will hep you from getting penalized under these programs.
The American Recovery and Reinvestment Act of 2009 authorizes the Centers for Medicare & Medicaid Services (CMS) to provide incentive payments to eligible professionals (EPs) and hospitals who adopt, implement, upgrade, or demonstrate meaningful use of certified electronic health record (EHR) technology.
Medicare Eligible Professionals that start Meaningful Use in 2014 may be elgiible for upto $24,00 in incentive paymentn over three years.
2014 is the last year to start participation in the program.
Please refer to the following CMS tipsheet for more information.
Medicare EHR Program Tip Sheet
Medicaid eligible professionals that start Meaningful Use in 2014 may be eligible for upto
$63,750 in payments over 6 years if they meet certain requirments.
Please refer to the following tip sheet for more information.
Medicaid EHR Program Tip Sheet
American Recovery and Reinvestment Act of 2009 (ARRA) also mandated payment adjustments to be applied to Medicare eligible professionals who are not meaningful users of Certified Electronic Health Record (EHR) Technology under the Medicare EHR Incentive Programs. These payment adjustments will be applied beginning on January 1, 2015. The adjustments will start at 1% in 2015 and may go upto 5% by 2020.Please refer to the following tip sheet for more information
Eligible professionals who do not satisfactorily report data on quality measures for covered professional services will be subject to a payment adjustment under PQRS beginning in 2015.The PQRS payment adjustment applies to all of the eligible professionalís Part B covered professional services under the Medicare Physician Fee Schedule (PFS).Accordingly, eligible professionals receiving a payment adjustment in 2015 will be paid 1.5% less than the MPFS amount for that service. For 2016 and subsequent years, the payment adjustment is 2.0%.
Please refer to the following link for more information
PQRS Payment Adjustment
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