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On Feb 17th President Obama signed the 2009
American Recovery and Reinvestment Act into law that
qualifies hospitals and physicians for $17 billion worth of
incentive payments from Medicare and Medicaid over a
five-year period. Under the ARRA, specifically the Health
Information Technology for Economic and Clinical Health (HITECH)
Act, $40-$60K may be available for each physician proving
“meaningful use” of an EHR. “It's an investment that will
take the long overdue step of computerizing America's
medical records to reduce the duplication and waste that
costs billions of health care dollars and medical errors
that cost thousands of lives each year.”
- President Obama’s Remarks at Stimulus Bill Signing Tue
Feb 17th 2009-
Watch Stimulus Bill Signing Video (from The Washington
Post):
http://www.washingtonpost.com/wp-dyn/content/video/2009/02/17/VI2009021702301.html?sid=ST2009021702300
Read Stimulus Bill Signing (from The Washington Post):
http://www.washingtonpost.com/wp-dyn/content/article/2009/02/17/AR2009021700221.html?hpid=topnews
Read the full ARRA legislation (from The White House):
http://www.whitehouse.gov/the_press_office/ARRA_public_review/
Learn how the EHR Stimulus Program can benefit you:
The EHR Clock is ticking. And Isamed is ready to help you
take advantage of the EHR Stimulus Package. Let us prepare
you get your stimulus incentives and increase your revenue.
Contact us at 516.616.1411 or email us at
Isanw.com
EHR Incentive Summary
Incentive Payments for “Meaningful Use” of Electronic
Health Records
The HITECH act provides financial incentives to
physicians, hospitals and certain other providers through
either the Medicare or Medicaid programs for the “meaningful
use” of Electronic Health Records. While the exact
definition of “meaningful use” is yet to be determined by
the HHS (Health and Human Services) Secretary, the
legislation outlines three requirements:
E-Prescription: The EHR must include
e-prescribing.
Electronic Exchange of Health Information: The EHR
must provide electronic exchange of health information.
Report Clinical Quality Measures: The EHR must allow
submission of clinical quality measures.
Hospital Incentives - Medicare
2011: 100% of the amount the incentive payment the
hospital is eligible for
2012: 75% of the amount the hospital would otherwise be
eligible for
2013: 50% of the amount the hospital would otherwise be
eligible for
2014: 25% of the amount the hospital would otherwise be
eligible for
2015: No incentive payments.

Physician Incentives – Medicaid
The stimulus allows up to $64,000 over five years for
physicians who see more than 30% of patients (20% for
pediatricians) paying with Medicaid. For physicians, nurse
practitioners, nurse midwives and physician assistants
working in either Rural Health Clinics or Federally
Qualified Health Centers, the threshold is also 30%;
however, they can include S-CHIP enrollees, patients for
whom no payment is made to the clinic for their care or
patients to whom a sliding fee scale is applied. The
calculation of incentives will be done using specific
formulas.

EHR Clock is Ticking: Act Now
Isamed: EHR Stimulus Ready
The EHR Clock is ticking. And Isamed is ready to help you
take advantage of the EHR Stimulus Package. Let us prepare
you get your stimulus incentives and increase your revenue.
Contact us at 516.616.1411 or email us at:
Isanw.com |