Why is the fast approaching October 1, 2014 Meaningful Use (MU) deadline the talk of the healthcare industry? What happens if you do not start reporting by July 1? This article provides a simple breakdown of the situation.
MU defines the use of Electronic Health Records (EHR) within an organization. The Center for Medicare & Medicaid Services (CMS) gives financial incentives via Medicare and Medicaid EHR Incentive Programs to providers who demonstrate the “meaningful use” of certified EHR technology. The incentive programs have three stages which beginning by meeting the Stage 1 requirements and subsequently progressing to the next stages.
Stage 1 has to do with data capturing (vitals, demographics, etc), while stage 2 is for advanced decision making (advanced clinical support) and stage 3, which will begin 2017 onwards, will focus on quality measures.
This is the last year to receive Medicare incentives for MU Stage 1 for which reporting begun as early as 2011. If a provider does not start reporting by July 1, 2014, he will not be able fulfill the 90-day reporting requirement, and hence attest by the October 1, 2014 deadline. Consequently, he will not be eligible for the Medicare incentives.
Additionally, the Medicare penalty for providers who fail to start MU even in the last quarter of 2014 will be subjected to a 1% penalty (in 2015). The penalty will rise by one percent in subsequent years until 2017 after which the penalties are set to vary depending on the percentage of eligible professionals who are meaningful users.
See more on Meaningful Use.
Furthermore, while Medicare is taxable, Medicaid is not. The last year for receiving Medicaid Incentive Program benefits is 2016, however, there is no penalty for this program.
By adopting Meaningful Use and complying with the CMS requirements, practices will be able to enhance quality, safety, efficiency, care coordination, population and public health, reduce health disparities, and engage patients and families for their benefit, all while adhering to privacy and security norms.