Government EHR incentives near $7Billion

Posted by: Alok Prasad

Streamline Your Small Practice With Customized Solutions

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

FIND OUT MORE

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

Related Posts

EHR Implementaton: EHR Selection - Best Practices (2020) | RevenueXL

EHR Implementation Best Practices To Guide Medical Practices Successful implementation of medical EHR software can only be achieved by following a...

Read More

Benefits of EHR - Electronic Health Records | RevenueXL

Benefits of Electronic Health Records The word is out -- ambulatory practices continue to reap the benefits of adopting integrated EHR System...

Read More

MIPS | What is MIPS ? | RevenueXL

What is MIPS? Medicare reform—specifically the Merit-Based Incentive Payment System (MIPS) and Alternative Payment Models (APM)—is the number one...

Read More

Ready to Transform Your Practice?

FREE DEMO & CONSULTATION