Power Your Practice

The goal of the EHR Incentive Program is to accelerate the process of EHR adoption, ease the fiscal burden of implementing the new technology for clinicians and, ultimately, improve overall health care for patients.

The program is working to drive EHR adoption according to data from the National Ambulatory Medical Care Survey, which reported that 57 percent of office-based physicians used EMR/EHR systems in 2011, with 52 percent planning to apply for Meaningful Use incentives, up from 41 percent in 2010.

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If your practice is not ready to make the switch to the ICD-10 coding system on October 1, 2013, payments will stop for services provided after that date.

Healthcare providers who are unprepared for the ICD-10 deadline will face cash-flow disruptions, billing backlogs, increased claim rejections and denials, as well as an expensive path to get back on track.

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As physicians switch to electronic health records (EHRs), unforeseen expenses can add up quickly to send implementation costs and annual budgets into the red.

While the EHR incentive payments will help compensate physicians for the cost of switching to EHR systems, many experts believe the money covers just a fraction of the true cost.

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Medical practices scrambling to prepare for the HIPAA 5010 compliance deadline on January 1, 2012 can breathe a sigh of relief – they will get more time.

With the year coming to a close and the deadline for 5010 fast approaching, the Centers for Medicare and Medicaid Services (CMS) has announced it will not enforce penalties for HIPAA covered entities until March 31, 2012.

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