Are the HIT Incentives in the HITECH Act Worth Pursuing?
The $19 billion Health Information Technology for Economic and Clinical Health Act (HITECH Act), which is part of the American Recovery and Reinvestment Act of 2009, strongly encourages health care providers to take two huge steps by 2014: purchase “certified” electronic health record (EHR) technology and use it in a “meaningful” way.
Organizations that don’t achieve this by the deadline will not only pass up available payment incentives, but will also begin incurring Medicare payment reductions.
“Despite lingering unanswered questions or how aggressive and/or unrealistic providers view the government’s timelines, they really need to begin determining if EHR implementation is the right direction for their organizations,” states Rob Schile, health care principal with LarsonAllen.
Read our white paper to learn about:
- How eligible physicians and hospitals qualify for the health information technology (HIT) incentives
- The HIT Medicare incentive payment rules and formulas
- Estimating your Prospective Payment System (PPS) hospital’s EHR incentive payment with our tool
- Estimating your Critical Access Hospital’s (CAH) EHR incentive payment with our tool
- How the Medicaid incentive payment rules and formulas will be determined
- The biggest challenges with the HITECH Act and what providers can do now
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