$44,000 in Stimulus Incentives
On February 17, 2009, President Obama signed the American Reinvestment and Recovery Act (ARRA). Under the economic stimulus plan, physicians and providers can qualify for $44,000 in Medicare incentives if they demonstrate “meaningful use” of an Electronic Health Record starting in 2011. Learn all about EHR incentives in our stimulus resource center.
- Meaningful use and certification: The definition of “meaningful use” is still being developed by Health and Human Services (HHS) and the Office of the National Coordinator for Health Information Technology (ONCHIT), but it is likely to include e-prescribing, chart sharing, and quality of care measurements. CirriusEHR’s EHR is guaranteed to be HHS-certified and will support “meaningful use” criteria.
- You may qualify for more: Practices with 30% or more of their patient population paying with Medicaid (20% for pediatricians) are eligible for stimulus incentive payments of up to $65,000. Practices operating in a “health provider shortage area” (HPSA) can qualify for bonus incentives. E-prescribing, Medicare’s physician quality reporting initiative (PQRI). and Medicare Care Manage Performance (MCMP) can also increase your bonuses.