Economic Stimulus Package Incentivizes Office-Based Physicians

With the passage of the American Recovery and Reinvestment Act(ARRA), certain medical care providers could financially benefit from implementing electronic health records (EHRs) and other healthcare IT projects. In fact, the government has made $19 billion available to hospitals and office-based physicians to speed up such implementation.

The funds became available on January 1, 2011 and those who become “meaningful users” of certified EHRs may receive up to $44,000 in Medicare incentives or up to $63,750 in Medicaid provisions between 2011 and 2015. On top of the Medicare incentive, early adopters may receive a $3,000 incentive as well.

For those who do not incorporate EHR technology into their office practices before 2015, Medicare payments will be reduced over time—1% in 2015, 2% in 2016, and 3% in 2017 and beyond.

Eligibility requirements for the Medicare and Medicaid incentives vary. Contact MD Solutions to find out if you are eligible and to find out how the money is distributed each year.

Below are resources for more information:

Link from Mckesson
Link from Mckesson