Health Law Checkup - March 2010
CMS Announces Proposed "Meaningful Use" Regulations for Adoption of Electronic Health Records
The American Recovery and Reinvestment Act of 2009 (ARRA) authorizes the Centers for Medicare & Medicaid Services (CMS) to provide financial incentives for eligible professionals and hospitals that become "meaningful users" of certified electronic health records (EHR). CMS recently issued proposed incentive program rules that make more than $17 billion available to providers that adopt qualifying EHR technology within specified timeframes, including potential payments of up to $11 million for eligible hospitals and up to $44,000 for eligible professionals. In addition, these new rules propose penalties for Medicare providers who do not become "meaningful users" of HER technology by 2015. Therefore, we believe these incentive programs will be a major factor in healthcare provider strategic planning decisions in the future. Set forth below is important information for receiving funds under these programs.
Read the full article.