How and when would you get paid? The amount of total reimbursement a physician is eligible for is capped and identified on an annual basis. It has not been identified specifically when and how these payments will be made (i.e. increases to Medicare reimbursements or annual bonus checks). The EARLIEST you are eligible is beginning in 2011 but it is clear that all investments will be made by you and not the government; Congress has allowed for reimbursement of expenses but not advancing any payments to make purchases, install equipment, or perform training/implementation. The amounts that you will be eligible for are as follows:
The amounts decline if you do not participate before the end of 2012. Beginning in 2016, Medicare will reduce reimbursement by 1% per year through year 2019 (total 3%) if a practice has not adopted. Keep in mind though that Congress has never allowed Medicare penalties to take effect in the past when it tried to vote for them (it does not happen automatically)
MGMA Supports ICD-10 Testing With Outside Organizations
July 30, 2013
Report: Many EHR Users Set To Replace Systems Within the Next Year
July 30, 2013
Providers, Vendors Urge Congress To Delay Meaningful Use Stage 2
July 30, 2013
Many Doctors May Find Meeting ‘Meaningful Use’ Requirements a Challenge
June 28, 2013
When it Comes to ICD-10 Physician Documentation: Collaborate and Educate
June 28, 2013
