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Data Minds: Healthcare Industry Solutions |
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Is your medical practice aware of the $787 billion American
Reinvestment and Recovery Act which was signed
into law by President Obama on February 17, 2009? Would you like financial assistance from the government to adopt EHR
technology? Are you one of the following, because if so, you qualify for government stimulus funds to assist you in adopting EHR technology:
- Hospital
- Skilled nursing facility
- Nursing facility
- Home health entity
- Long term care facility
- Health care clinic
- Community mental health center
- Renal dialysis facility
- Blood center
- Ambulatory surgical center
- Emergency medical service provider
- Federally qualified health center
- Group practice
- Pharmacist
- Laboratory
- Indian Health Service provider
- Rural health clinic
- Therapist
Physicians:
- Doctor of Medicine or Osteopathy – M.D. or D.O.
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Doctor of Dental Surgery or Medicine – D.D.S or D.D.M
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Doctor of Podiatric Medicine – D.P.M.
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Doctor of Optometry – O.D.
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Chiropractor – D.C.
Practitioners:
- Physician assistant, nurse practitioner, or clinical nurse specialist
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Certified registered nurse anesthetist
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Certified nurse-midwife
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Clinical social worker
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Clinical psychologist
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Registered dietitian or nutrition professional
Stimulus Fund Related Medicaid and
Medicare Incentive Programs to Choose From:
Medicaid: Physicians who see
more than 30% of patients paying with Medicaid (20% for pediatricians) are
eligible for payments of up to $64,000 over five years. The incentives will be
calculated through a formula that multiplies 85% by amounts ranging from
$35,000 in the first year to $10,000 in subsequent years.
Medicare: Physicians who do not have a large Medicaid
volume but do accept Medicare can receive up to $44,000 over the five years.
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Medicare Program: Amount Physicians will Receive Each Year
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Year Filed
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2011
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2012
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2013
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2014
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2015
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2016
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TOTAL
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2011
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$18,000
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$12,000
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$8,000
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$4,000
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$2,000
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$0
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$44,000
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2012
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$0
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$18,000
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$12,000
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$8,000
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$4,000
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$2,000
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$44,000
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2013
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$0
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$0
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$15,000
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$12,000
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$8,000
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$4,000
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$39,000
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2014
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$0
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$0
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$0
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$15,000
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$12,000
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$8,000
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$35,000
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2015 or Later
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$0
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$0
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$0
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$0
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$0
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$0
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$0
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Data Minds: Healthcare Industry Solutions (cont'd) |
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Many do not know that
a portion of the
bill, referred to as the “HITECH ACT”, allocates $17 billion
of the total funds to be distributed to doctors and hospitals over the
next five years. This is meant to encourage the adoption of
electronic health records. If you are an individual doctor, you could
be eligible for up to $44000 in stimulus funding. The final amount will
depend on how many Medicare patients you treat. It is important to note
that the full amount is only achievable for those "early adopters" who
first
become eligible in 2011. Many are unaware that the government will be
imposing penalties for
those healthcare providers who have not deployed an EHR system. Those
who are not using an EHR system by
2015 will lose 1% of their Medicare fees, then 2% in 2016, and 3% in
2017. The adoption
of this type of technology provides a raft of benefits, but
implementing it can be daunting to say the least. Our AIIM certified consultants have
extensive knowledge and experience in this domain, and are ready to
guide you through this challenging process. With
a range of solutions and a number of methodologies, from single
physician clinics to enterprise-scale deployments, we are ready to
assist you every step of the way. Data
Minds consultants can assist you in choosing the right
strategy, process management, and blend of technologies. Proprietary,
open source, hardware, software, scanners, compliance, stimulus
funds...the challenges and learning curves are daunting to say the
least. Let our experienced team guide you through this complex and
continuously evolving process and save you time on your core business
functions. |
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Related Solutions |
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SMB EMR On-Ramp, HIPAA-compliant solutions:
Affordable for even the smallest practices - systems helpful with paper-electronic patient records conversion and with Electronic Records Management. Easily portable to a CCHIT certified EMR solution.
Recollect
CCHIT Certified On-Ramp Document Management System
Allscripts Document Management (formerly Impact.MD) is a proven
medical document management solution used by more than 18,000
healthcare professionals throughout the U.S.
CCHIT Certified EHR/PM Systems:
Web-Based EMR and Medical Practice Management Software from Waiting Room Solutions.
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