Physician Claim Corp. introduces Electronic Medical Records (EMR).
A fully integrated system including scheduling, EMR and billing services:
Deal with one company, one source
EMR Preview
In principal, the program is straightforward. Centers for Medicare and Medicaid Services (CMS) will initiate EHR "bonus" payments to physicians who can demonstrate they are "meaningful users" of a certified electronic health record.
The bonuses will start in 2011 through 2015 via the following schedule:
Current ARRA 2009 Incentive Timeline:
Potential Reimbursements Per Year
Year of 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 | $12,000 | $8,000 | $4,000 | $24,000 |
2015* or later | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
*Providers must have implemented and compiled reports on clinical quality measures prior to filing.
How does the subsidy work?
For the first year a physician is deemed to be a meaningful user, he or she will be eligible for payments of 75% of that year's Medicare and Medicaid charges, up to a maximum of $15,000. The maximum payment is increased to $18,000 if the first year is 2011 or 2012. The incentive payments decline for each subsequent year within the five year period; $12,000 will be paid in year two, $8,000 in year three, $4,000 in year four, and $2,000 in year five.
No incentive payments will be available after 2015, and no payments will be offered to physicans who first become eligible after 2014. This creates a decreasing incentive for late adopters.
Practices with multiple physicians will be eligible to receive incentive payments for each provider. Remember that payments will be based on 75% of the correlating year's Medicare and Medicaid charges. Therefore, in order to qualify for the maximum payment of $18,000 in the first year, each provider must bill Medicare or Medicaid a minimum of $24,000.