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HITECH Electronic Medical Record Adoption Incentives
The HITECH Act and Electronic Medical Records Adoption Incentives signed by President Obama makes incentive payments available for physicians adopting electronic medical records into their practice. Before signing up to get your portion of this generous stimulus, here are ten must-know facts.
*HITECH ACT
ELECTRONIC MEDICAL RECORD ADOPTION INCENTIVES
|
| Electronic Medical Records Adoption |
| YEAR |
2011 |
2012 |
2013 |
2014 |
2015 |
| 2011 |
$18,000 |
0 |
0 |
0 |
0 |
| 2012 |
$12,000 |
$18,000 |
0 |
0 |
0 |
| 2013 |
$8,000 |
$12,000 |
$15,000 |
0 |
0 |
| 2014 |
$4,000 |
$8,000 |
$12,000 |
$15,000 |
0 |
| 2015 |
$2,000 |
$4,000 |
$8,000 |
$12,000 |
0 |
| 2016 |
0 |
$2,000 |
$4,000 |
$8,000 |
0 |
| Totals |
$44,000 |
$44,000 |
$39,000 |
$35,000 |
0 |
*This table is reformatted from HITECH Act data interpreted by Mobile Physician Technologies.
This data and other HITECH Act details are found at HITECH - Title XIII Health Information Technology. More information on HITECH is found at HITECH - Title IV Health Information Technology for Economic and Clinical Health Act
Mobile Physician Technologies accepts no responsibility or liability for the HITECH content provided herein.
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Ten HITECH Pearls
2. $17 billion as Medicare and Medicaid electronic medical record HITECH incentive payments.
3. HITECH payments made as a percentage of Medicare charges.
5. The HITECH term certified electronic medical record has yet to be defined.
6. Maximum HITECH stimulus a provider can receive is $44-$64k.
7. Incentives to start in 2011 and paid over 5 years.
8. HITECH payment methods for electronic medical record stimulus; lump sum or installments, to be determined.
9. By CY 2015, physicians not showing meaningful use of an EMR will be penalized.
10. HITECH electronic medical record stimulus incentives do not apply to hospital physicians.
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