Medicare Meaningful Use Incentive Decreasing
If you are not using a qualified EMR/EHR by October 3, 2012, you will be losing the chance at the full $44,000. There is a $5,000 decrease in incentive payments for a start after October 3, 2012 and before October 3, 2013. You lose a full $20,000 of total possible incentive payments if you don’t start by October 3, 2014.
Worst of all, you start losing 1% of Medicare reimbursement starting with dates of service Jan 1, 2015 if you haven’t started demonstrating meaningful use by October 3, 2014. That decrease will increase each year until is reaches the maximum of 5% being withheld from your Medicare checks.
If you are a qualified Medicaid provider for this purpose, you could lose $63,750 if you aren’t fulfilling meaningful use criteria. In order to be eligible for the Medicaid incentive you must have 30% of your volume in Medicaid patients or 20% if a pediatrician. The Medicaid Incentive does not decrease with time. It does cease if you don’t meet meaningful use requirements by 2015.
ONLY 58 DAYS TO GO TO GET THE FULL INCENTIVE!
SAIL THROUGH TRANSITIONS WITH NCEB!!