Understand 'meaningful use' to prepare for HHS definition, EHR incentives
HIM Connection, July 7, 2009
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The amount is colossal: $4,896,450. This is the total maximum payment for which Mission Hospital, a 301-bed acute care facility in Mission Viejo, CA, is eligible if it proves ‘meaningful use’ of an EHR beginning in fiscal years 2011, 2012, or 2013, and then continues to meet the requirements through 2014.
If the hospital begins implementation in 2014, the amount drops to $2,937,870. If it begins in 2015, the amount is $1,468,935, and if it begins in 2016 or after, the financial incentives cease to exist.
The carrot may be even bigger for hospitals with more Medicare patients because the incentive formula considers total Medicare fee-for-service inpatient days. And aside from the financial benefits of implementing an EHR, the positive effect it could have on patient care and safety are tremendous as well.
Editor’s note: To learn more about meaningful use or to purchase a copy of this article for $10, visit HCPro’s Web site. Subscribers to Medical Records Briefing can access this article in the July issue of the newsletter.
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