HITECH Act Summary
Our nation's healthcare system is undergoing a massive transformation to improve the quality, safety and efficiency of care. To catalyze this transformation CMS has create the ARRA HITECH incentive program for eligible Medicare and Medicaid providers who demonstrate 'meaningful use'. If you are looking for a HITECH act summary, look no further!
Medicare and Medicaid providers who meet the HITECH act requirements will not only reap benefits from the financial payments, but will see a reduction in errors, higher availability of records and data, new reminders and alerts, and unprecedented clinical support and electronic prescribing capabilities.
HITECH Act Summary Info #1
Under the 2009 federal economic stimulus package, the HITECH Act summary allows health care providers who demonstrate meaningful use of certified electronic health records will receive incentive payments through Medicaid and Medicare. States can receive a 90% federal funding match for incentive payments distributed to Medicaid providers who adopt EHRs under the meaningful use criteria.
HITECH Act Summary Info #2
Beginning next year, eligible physicians who see Medicare and/or Medicaid patients, as defined by the HITECH Act summary, will be compensated from $44,000 to $63,750 over a 5 year term for fulfilling the recently defined 'meaningful use' criteria. To further promote the use of certified systems, if these same physicians do not utilize healthcare IT that meets the Federal requirement by 2015, they will be faced with increasing penalties of up to 5%.
HITECH Act Summary Info #3
One very important part of these incentives is the ability for providers to implement individual certified modules that when used together, meet the meaningful use criteria. Many doctors believe that a paperless EHR is the only way to reach meaningful use, but it is important for them to realize that they have options to use modular systems to achieve the requirements! The HITECH Act summary outlines the modular approach.
HITECH Act Summary Info #4
Jessica Kahn, technical director for health IT at CMS, proposes that "states should not wait until every detail has been released before starting their incentive programs." She goes on to say that the CMS' HITECH Act summary recommends approaching the program incrementally. With new incentives such as this, it seems clear that state agencies will be pushing to identify certified systems like RcopiaMU which qualify providers for meaningful use without the cost of a full-blown EMR.
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