 Serving Healthcare Professionals since 1977
ABEL is a premier provider of clinical and practice management software and revenue enhancing services.
Capitalize on the ARRA/HITECH Stimulus Funding for Physicians
Unprecedented opportunities to capitalize on ARRA/HITECH incentives have prompted us to seek partners that can help us provide software and related services to physicians. The following overview outlines the scope of these opportunities.
HITECH Funding and Incentives Overview
- Over $30 billion in Direct Health IT Adoption and Infrastructure Incentives. $17.7 billion in Medicare, $12.4 billion in Medicaid, $300 million for Health Information Exchanges, and $85 million for Indian Health Services.
- Medicare Incentives to Physicians. Incentives for eligible professional under Medicare are increased to a maximum amount of $44, 000 between 2011-2015. 1% annual reductions begin in 2015.
- Medicare Incentives to Pediatricians as well as Underserved and Rural Communities. Eligible professionals with these designations can receive incentive payments up to $63,750 between 2010-2015.
- Health Professional Shortage Area Bonus. The conference agreement would provide a 10% increase in Medicare incentive payments for eligible professionals practicing in areas designated as having shortage of health professionals.
- Clinical Research Funding. $1.1 billion for comparative effectiveness research within the Agency for Healthcare Research Quality (AHRQ), National Institutes of Health (NIH), and the Department of Health and Human Services (HHS).
- Regional Health Information Exchanges. $300 million in grants to support regional health information exchanges was retained but moved to the corresponding funding sections in the Act.
Stimulus Physician Medicare Incentives for Certified EHR
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|
Pay Year
|
Pay Year
|
Pay Year
|
Pay Year
|
Pay Year
|
Pay Year
|
|
|
Meaningful Use Date
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2011
|
2012
|
2013
|
2014
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2015
|
2016
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Totals |
| 2011 |
$18,000 |
$12,000 |
$8,000 |
$4,000 |
$2,000 |
$0 |
$44,000 |
| 2012 |
|
$18,000 |
$12,000 |
$8,000 |
$4,000 |
$2,000 |
$44,000 |
| 2013 |
|
|
$15,000 |
$12,000 |
$8,000 |
$4,000 |
$39,000 |
| 2014 |
|
|
|
$12,000 |
$8,000 |
$4,000 |
$24,000 |
| 2015 |
|
|
|
|
$0 |
$0 |
$0 |
* Medicaid Incentives up to $63,750 for Pediatricians (with 20-30% patient volume attributable to patients receiving assistance through Medicaid), Uninsured, Rural, FQHC and Low-Income Providers/Eligible Professionals.
** 1% Annual Medicare Penalties/Reimbursement Reductions Start in 2015 for Providers not using Certified EHRs in a "meaningful way".
*** Eligible Providers must choose either the Medicare or Medicaid Incentive and all incentives are paid after "Pay Year" is complete.
Please click on Business Partner Questionnaire on the left navigation menu and apply to partner with us
and get more information on this exciting opportunity.
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