For more information, please visit, http://www.curemd.com/PDF/Economic_Stimulus.pdf
The Health Information Technology for Economic and Clinical Health Act (“HITECH”) includes $19 billion for health information technology.
Physician Incentives: Incentive bonuses from medicare/Medicaid
HHS Discretionary Funds (for use by national coordinator of health IT) Standards Development Grants (AHRQ, HRSA, CMS), HIE Infrastructure, Loans to the States for EHR, Regional HIT Resource Centers, Telemedicine, Efficiency Studies
$17 Billion in Incentives requires proof of “meaningful” use
Use of CERTIFIED PRODUCT as determined appropriate by the sec. of HHS
The EHR technology must be connected.
Complies with submission of REPORTS ON CLINICAL QUALITY MEASURES.
Those that adopt first will benefit the most (declining incentives)
Physicians can earn between $44,000 to $64,000 over five years from Medicare/Medicaid if they are utilizing an EHR in 2011. Late adopters will receive significantly less. Providers may receive incentives under only one of the programs 2015 reductions in Medicare/medicaid fees for non-EHR users. Hospitals can earn up to $2,000,000 plus discharge bonuses (total payout
to them could be $10 million+)