Wilson Technology Group and More

Your One Stop IT and Telecommunications Firm

Government Stimulus Incentives

Leave a comment

The American Recovery and Reinvestment Act (ARRA) was signed into law by President Barrack Obama on February 17, 2009. It includes an incentive package for physicians to adopt information technology.

This incentive money is available for each eligible professional who can demonstrate meaningful use of Certified EHR technology, such as ChartLogic EMR.

Providers will receive the stimulus money in the form of increased reimbursement. For each Medicare claim submission, a meaningful user will receive their normal Medicare allowable reimbursement. They will also receive a bonus of 75% above the allowable amount. The additional reimbursement payments will begin as early as May 2011.

Beginning in 2011, eligible professionals are able to receive an increase reimbursement from Medicare or Medicaid. CMS earliest possible maximum reimbursements are as follows:

Calendar Year

Eligible Professionals

Medicare Max $

Medicaid Max $

2011

$18,000

$21,250

2012

$12,000

$8,500

2013

$8,000

$8,500

2014

$4,000

$8,500

2015

$2,000

$8,500

2016

——

$8,500

Total:

$44,000

$63,750

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s