About HITECH Incentives
President Obama signed the American Recovery and Reinvestment Act of 2009 (Recovery Act) on February 17, 2009, creating financial incentives for those who adopt and utilized electronic heath records. The Conditions of this act are known as the Health Information Technology for Economic and Clinical Health Act, or HITECH Act.
Under the HITECH Act, beginning January of 2011, physicians are eligible for up to $44,000 in incentives from centers for Medicare and Medicaid Service (CMS) if they implement or are already using Electronic Health Records.
The Charts below display Medicare and Medicaid bonus over time under HITECH.
Those physicians that meet the standards of the HITECH Act by 2011, will be qualified to receive $18,000 from Medicare during the initial year, and $44,000 through 2015. Adoption incentives are reduced after 2012. Physician practices are eligible for up to $63,750 in incentives if they have Medicaid patients.
If physicians do not implement an EMR system beginning 2015 they will be penalized by Medicare. In 2015 physicians will receive a 1% Medicare fee reduction and after 2017 a 3% Medicare fee reduction will be enforced.
Useful Links :
EMR Registration and Attestation System.
The Official Web Site for the Medicare and Medicaid Electronic Health Records (EMR) Incentive Programs
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