To be eligible to receive the Medicare EHR Incentive Program payment for 2012, healthcare providers must begin their 90-day reporting period on or before Wednesday, October 3, 2012. The Medicare EHR Incentive Program will provide incentive payments to eligible professionals that demonstrate meaningful use of certified EHR technology. Even though providers were eligible to begin participation last year (2011), it is not too late to qualify for the maximum incentive payment of $44,000 over the next five years. In order to qualify for the maximum pay-out, providers must being participation in 2012. To qualify for incentive payments, providers need to register for participation in the program, use certified EHR technology, and demonstrate “meaningful use” – based on specific objectives defined by the Centers for Medicare & Medicaid Services. The criteria for “meaningful use” is defined in stages; all participating providers will be demonstrating Stage 1 meaningful use until Stage 2 is implemented in 2014.
As a full-service medical billing company, Healthcare Data Management encourages its healthcare providers to keep current with the latest technology, and take advantage of the incentive money that is available to them. Please contact us if you would like us to share our collection of resources on the EHR Incentive and meaningful use.