EMRs provide measurable benefits for providers of all sizes, including small practices, according to a recent survey. Plus, the return on investment is high: According to researcher, it costs just $7,857 and takes just 130 hours to implement an EMR at a five-member practice.
Republican bill that imperils funding for meaningful use incentives has a long way to go before it becomes law — if it ever does. President Obama may have celebrated an emerging health care IT system in his State of the Union address, but at the same time, Republican lawmakers were producing a bill that imperils funding for meaningful use incentives.
It looks as if we’ll soon know the names of the authorized testing and certification bodies (ATCBs) for electronic health records (EHRs). ATCBs will be the only authorities that can certify EHR products for meaningful use (and thus allow health care providers to earn American Recovery and Reinvestment Act, or ARRA, incentives). According to the Office of the National Coordinator (ONC) for Health Information Technology, officials are reviewing applications and will likely announce approved ATCBs before the end of the summer.
Government incentives will only offset electronic health record (EHR) costs by about 15% to 20%, according to McKinsey & Company—which means health care providers should be prepared to make a significant investment as part of a “radical new approach to IT.” According to their study published in management consulting firm McKinsey & Company’s business journal McKinsey Quarterly, American Recovery and Reinvestment Act (ARRA) money will not come close to covering the expenses of an EHR. “This should not be a news flash,” wrote Paul Roemer on the Healthcare IT Strategy blog.
Physicians can sign up for the EHR incentive program in January 2011. To begin receiving payments, they must have demonstrated meaningful use of certified Electronic Health Records (EHRs) for 90 days—which means the first incentive payments will likely go out in May 2011. Now that the Centers for Medicare and Medicaid Services (CMS) has released its final rule on meaningful use, the agency is preparing the systems that will trigger incentive payments—which physicians will start receiving as early as May 2011. The CMS will open registration for the incentive program in January.
Join Todd Krieger, gloStream’s Marketing and Communications Team Leader, for a discussion about the economic stimulus and the EMR incentives included in the law. Todd will cover the specific requirements for EMR use, the payment schedule for Medicare and Medicaid providers, and the requirements necessary for doctors to receive their stimulus funding.
CONSHOHOCKEN, Pa. – (Business Wire) Apollo Health Street, a provider of world-class information technology to the nation’s healthcare organizations, and gloStream, an electronic medical record and practice management software provider, today announced a new partnership in which Apollo Health Street will make its services available to gloStream’s national network of technology partners.
gloStream is very proud to have gained this certification, and we’re equally proud that we have achieved full CCHIT certification in 06, 07 and 08 – every year that certification has been offered. This a significant milestone that clearly demonstrates our commitment to developing products that have me the highest standards for functionality, security and interoperability.