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| CMS Incentives |
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Using ModuleMD WISE™
is the first significant step in the process
towards receiving CMS incentives for Meaningful Use. As
the phrase suggests, the incentives will depend on “Meaningful
Use” (MU) – the practice and its providers
have to fulfill certain conditions, processes and documentation
standards in order to qualify for the incentives. For
more details, please visit: http://www.cms.gov/ehrincentiveprograms/
. Here are some basic facts from the website: |
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The Medicare EHR Incentive Program
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- The Medicare EHR
Incentive Program will provide incentive payments
to eligible professionals, eligible hospitals, and
CAHs that demonstrate meaningful use
of certified EHR technology.
- The Medicare EHR Incentive
Program will provide incentive payments to eligible
professionals, eligible hospitals, and CAHs that
demonstrate meaningful use of certified EHR technology.
- Participation can begin as early as 2011.
- Eligible professionals can receive up to $44,000
over five years under the Medicare EHR
Incentive Program. There's an additional incentive
for eligible professionals who provide services
in a Health Professional Shortage Area (HSPA).
- To get the maximum incentive payment,
Medicare eligible professionals must begin participation
by 2012
- Incentive payments for eligible hospitals and
CAHs may begin as early as 2011 and are based
on a number of factors, beginning with a $2
million base payment
- Important! For 2015 and later, Medicare
eligible professionals, eligible hospitals, and
CAHs that do not successfully demonstrate meaningful
use will have a payment adjustment in their Medicare
reimbursement.
- Note: If you are a Medicare
Advantage Plan (like an HMO or PPO) please visit:
http://www.cms.gov/EHRIncentivePrograms/45_MedicareAdvantage.asp
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The Medicaid EHR Incentive Program
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- The Medicaid EHR
Incentive Program will provide incentive payments
to eligible professionals, eligible hospitals, and
CAHs as they adopt, implement, upgrade, or demonstrate
meaningful use of certified EHR technology in their
first year of participation and demonstrate meaningful
use for up to five remaining participation years.
- The Medicaid EHR Incentive
Program is voluntarily offered by individual states
and territories and may begin as early as 2011,
depending on the state.
- Eligible professionals
can receive up to $63,750 over
the six years that they choose to participate
in the program.
- Eligible hospital incentive
payments may begin as early as 2011, depending
on when the state begins its program. The last
year a Medicaid eligible hospital may begin the
program is 2016. Hospital payments are based on
a number of factors, beginning with a
$2 million base payment.
- There are no
payment adjustments under the Medicaid EHR Incentive
Program.
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Important Dates
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- October 1, 2010 – Reporting
year begins for eligible hospitals and CAHs.
- January 1, 2011 –
Reporting year begins for eligible professionals.
- January 3, 2011 –
Registration for the Medicare EHR Incentive Program
begins.
- January 3, 2011 –
For Medicaid providers, states may launch their programs
if they so choose.
- April 2011 – Attestation
for the Medicare EHR Incentive Program begins.
- May 2011 – EHR Incentive
Payments expected to begin.
- July 3, 2011 – Last
day for eligible hospitals to begin their 90-day reporting
period to demonstrate meaningful use for the Medicare
EHR Incentive Program.
- September 30, 2011 –
Last day of the federal fiscal year. Reporting year
ends for eligible hospitals and CAHs.
- October 1, 2011 –
Last day for eligible professionals to begin their
90-day reporting period for calendar year 2011 for
the Medicare EHR Incentive Program.
- November 30, 2011 –
Last day for eligible hospitals and critical access
hospitals to register and attest to receive an Incentive
Payment for Federal fiscal year (FY) 2011.
- December 31, 2011 –
Reporting year ends for eligible professionals.
- February 29, 2012 –
Last day for eligible professionals to register and
attest to receive an Incentive Payment for calendar
year (CY) 2011.
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Copyright
© 2001 -
ModuleMD LLC. All Rights Reserved |
Call Sales:
877.EHR.SYSTEM (347.7978) |
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