Know how to get $44,000+ for using Electronic Health Records (EHR)?
Adopt a CCHIT Certified Electronic Health Record System with ePrescribing capability that meets current HHS standards including connectivity to other providers improving access to the full view of your patients’ health history.
Fee Reductions:
Providers who do not demonstrate meaningful use by 2014 will see a decrease of 1% in their 2015 schedules from Medicare. An additional decrease will be applied in 2016 and 2017 down to a total of 97% of the regular fee schedule. It can further be reduced to 95% if the Secretary determines that total adoption is below 75% in 2018. (See table based on $300,000 in Medicare/Medicaid Billings)
STIMULUS PROGRAM PAYOUT
| Year First Filed |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
Total |
| 2011 |
$18,000.00 |
$12,000.00 |
$8,000.00 |
$4,000.00 |
$2,000.00 |
$ - |
$44,000.00 |
| 2012 |
$- |
$18,000.00 |
$12,000.00 |
$8,000.00 |
$4,000.00 |
$2,000.00 |
$44,000.00 |
| 2013 |
$- |
$- |
$15,000.00 |
$12,000.00 |
$8,000.00 |
$4,000.00 |
$39,000.00 |
| 2014 |
$- |
$- |
$- |
$15,000.00 |
$12,000.00 |
$8,000.00 |
$35,000.00 |
| 2015 or Later |
$- |
$- |
$- |
$- |
$- |
$ - |
$- |
MEDICARE REDUCTION SCHEDULE
| Medicare Reductions |
2015 |
2016 |
2017 |
2018 |
2019 |
Total |
| 1% |
$3,000.00 |
$- |
$- |
$- |
$- |
$3,000.00 |
| 2% |
$- |
$6,000.00 |
$- |
$- |
$- |
$6,000.00 |
| 3% |
$- |
$- |
$9,000.00 |
$- |
$- |
$9,000.00 |
| 4% |
$- |
$- |
$- |
$12,000.00 |
$- |
$12,000.00 |
| 5% |
$- |
$- |
$- |
$- |
$15,000.00 |
$15,000.00 |
| Total Reductions $45,000.00 |
|
