Health Care News
Electronic Medical Records (EMR) funding available for physicians and their practices
The federal government has made stimulus funding available for physicians (and certain allied practitioners) to obtain EMR technology. The incentive program is part of the American Recovery and Reinvestment Act of 2009 as well as the Health Information Technology for Economic and Clinical Health Act ("HITECH"). Those physicians who demonstrate "meaningful use" of electronic health records are eligible to receive an incentive reimbursement of up to $63,750 over six (6) years. Seventy percent (70%) of the incentive is distributed to physicians within the first two years of claiming eligibility for the funding. Prompt participation in the program will maximize reimbursement and failure to implement medical records technology by 2015 will result in a reduction in Medicare payments.
Physicians may apply for the EMR stimulus funding if they meet certain qualifications. The incentive payments are being paid through and are related to a physician's participation in Medicare and/or Medicaid.
Contact Susan Royster at (610) 797-9000 for more information about how you may participate in the stimulus program and how it may assist your practice in obtaining appropriate medical records technology.
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