From ACEP News:
More than 110,000 physicians and other health care providers have received federal incentive payments based on their use of electronic health record technology, according to new data from the Health and Human Services department.
The payments were made by the Medicare and Medicaid programs between May 2011 and May 2012 for the meaningful use of certified electronic health record (EHR) technology. Under the Medicare and Medicaid EHR Incentive Programs, physicians, other health care providers, and hospitals can earn bonus payments from the federal government by demonstrating that they used EHRs to meet certain quality measures.
Physicians can earn up to $44,000 over 5 years through the Medicare incentive program. However, those who don’t meet program requirements by 2015 face a 1% cut to the total Medicare payments. Under the Medicaid program, physicians can earn up to $63,750 over 6 years, with no associated penalty.
Participation by physicians and other health care providers has exceeded goals set by the Centers for Medicare and Medicaid Services. In April, Acting CMS Administrator Marilyn Tavenner and National Coordinator for Health Information Technology Dr. Farzad Mostashari said they wanted to see 100,000 providers receive incentives under the EHR program by the end of 2012.
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