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Stimulus impact
The time is now to adopt an EHR solution
The American Recovery and Reinvestment Act of 2009 provides up to $17.2 billion in incentives through the Health Information Technology for Economic and Clinical Health (HITECH) Act to health care providers adopting certified health IT systems. A majority of this funding will be made available as Medicare and Medicaid incentives with the implementation of EHR.To receive funding, a practice must be fully utilizing an EHR and connected by January 1, 2011. Practices that have not adopted a certified EHR solution by 2015 will have their Medicare reimbursements reduced by 1 to 3 percent each year.
Under Medicare, HITECH-compliant physicians demonstrate "meaningful use" of a health IT system such as MyWay™ will be eligible for up-to the following in cash incentives*(beginning in 2011):
Incentive dollars by year |
|||||||
| Year of first filing | 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 | $44,000 |
| 2013 | $0 | $0 | $15,000 | $12,000 | $8,000 | $4,000 | $39,000 |
| 2014 | $0 | $0 | $0 | $15,000 | $12,000 | $8,000 | $35,000 |
| 2015 or Later | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
*Physicians operating in a "provider shortage area" will be eligible for an incremental increase of 10% in their bonus payments. Physicians operating entirely within a hospital environment, such as anesthesiologists, pathologists and ED physicians, are ineligible.
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