5. Meaningful Use Goals Ensure adequate privacy & security protections for personal health information Engage patients and families Improve quality, safety, efficiency, and reduce health disparities Improve population and public health Improve care coordination These goals align perfectly with the mission, vision and core values of provider organizations.
10. Meaningful Use Medicare vs. Medicaid EPs 95,500 CMS estimates between 36% and 70% of all Medicare eligible professionals will comply with meaningful use by 2020. For Medicaid EPs, CMS estimates that between 59.9% and 95.9% will receive one or more incentive payments during that same timeframe.
13. Meaningful Use Medicaid Incentive Payments $63,750 over 6 years per Prescriber Year 1 payment = $21,250/Prescriber Years 2 - 6 payment = $8,500/Prescriber In this example, incentive payments through Medicaid could total $318,750 over 6 years.
14. Meaningful Use Incentive Payments Medicare (but not Medicaid) fee schedule reductions will take effect in 2015 for any provider who does not meet MU requirements.
15. Meaningful Use Medicare Fee Schedule Reductions Legislation allows up to a 5% reduction in the Medicare fee schedule for failure to comply with meaningful use.
16. Meaningful Use More Money… Meaningful Use isn’t the only way to generate revenue!
17. Meaningful Use ROI from an EHR Health Information and Management Systems Society (HIMSS) published a study on Hard and Soft ROI for EHRs in December 2008 that was presented to the Obama Administration and Congress. Examined Davies Award Winners – Nicholas E. Davies award recognizes excellence and value from health IT.
20. Southwest Texas Medical, in Beaumont, saw charges rise from $171 to $206 per patient encounter, a 20% jump. A year after implementation, the clinic’s total billable hours increased by $2.1 million, while collections rose $1.4 million.
30. Meaningful Use Measures Stage 1 Measures* *A full description of the meaningful use measures for Stage 1 can be found in the final rule. http://edocket.access.gpo.gov/2010/pdf/2010-17207.pdf
47. Meaningful Use Questions? QUESTIONS? Contact us at: www.boughtin@boughtinandorndoff.com To download a copy of this presentation go to: www.boughtinandorndoff.com