Government EHR incentives near $7Billion

Posted by: Alok Prasad


Schedule Free Demo & Consultation

WASHINGTON – Medicare and Medicaid electronic health record payments are approaching $7 billion since the program's beginning, with $6.9 billion paid out to 143,800 physicians and hospitals in total program estimates through the end of August.

Final figures will be available later this month as the Centers for Medicare and Medicaid captures more complete data.

In August, the agency paid about $500 million in incentives, with about $325 million going to Medicare providers and $175 million to Medicaid providers, “which will bring us knocking on the door of $7 billion in incentive payments issued as of the end of last month,” said Robert Anthony, a specialist in CMS’ Office of eHealth Standards and Services. 

As of July, nearly one of five Medicare eligible provider, or about 18 percent are meaningful users of EHRs., he said. Additionally, one of every five Medicare and Medicaid eligible providers has made a financial commitment to an EHR, he said. And 55 percent of eligible hospitals have received an EHR incentive payment for meaningful use.

As of July, 271,105 Medicare and Medicaid physicians and hospitals have registered to participate in the incentive program, tracking at about 10,300 monthly, he said. Breaking down the total, that’s 180,513 Medicare physicians, 86,708 Medicaid clinicians and 3,884 hospitals.

Read the full article here.

 

Topics: EHR Software, EHR Incentives

    Why RevenueXL

    Streamline Your Small Practice With Customized Solutions

    EHR Software, Practice Management, Telemedicine, Patient Engagement, Credentialing, Medical Billing Services, Denial Management, Coding Compliance and Audit

    All-in-One EHR Software - Tired of Your EHR Software?

    Related Posts

    Which EHR Software Features are Important for your Practice?

    What is EHR Software? EHR (Electronic Health Records) Software is a medical software application that not only collects the medical and treatment...

    Read More

    EHR Vendor Selection Criteria | EHR Selection Process

    EHR Vendor Selection Guide For Small Medical Practices Successful implementation of medical EHR software can only be achieved by following a sound...

    Read More

    Advantages of EHR (Electronic Health Records) Software

    Who Benefits From Implementation of Electronic Health Records? What are these Benefits? The word is out -- ambulatory practices continue to reap EHR...

    Read More

    Ready to Transform Your Practice?

    PrognoCIS EHR Software - Award-Winning Patient Records Learn how it works