- Provider for Medicare or Medicaid;
- Be a meaningful EHR user
- Physicians must qualify
- Proves to have implemented a qualified EHR software and be interoperable
Physicians with a qualified EHR, qualified EMR in place before 2011 or 2012 will be eligible for the maximum Medicare incentive payments allowed by the stimulus package. Doctors who have not adopted an EHR before 2015 and who fail to obtain a hardship exemption will see a 1% cut to Medicare pay, a reduction that phases up to 3% for 2017 and remains each year after that.
In 2011, however, the reward for e-prescribing will begin to decrease, a fee for not using e-prescribing will begin in 2012. The e-prescribing incentive payment will be 1 percent in 2011 and 2012, and 0.5 percent in 2013. The fee for not using e-prescribing will be a reduction in Medicare reimbursement by 1 percent in 2012, 1.5 percent in 2013, and 2 percent in 2014.
Depreciation and Expenses 2009
Section 179 limits. The maximum expense deduction you can elect for qualified property you placed in service in tax years that begin in 2009 remains at $250,000 ($285,000 for qualified enterprise zone property and qualified renewal community property). This limit is reduced by the amount by which the cost of property placed in service in the tax year exceeds $800,000
Under the 2008 Economic Stimulus Act (ESA), you can take further advantage of the Section 179 expense allowance to write off the entire cost of your new and used Healthcare equipment purchases in 2008.
Specifically, the expense allowance has been temporarily increased from $128,000 to $250,000 for taxpayers with total capital investments of $800,000 or less. Equipment acquired with a capital lease ($1 purchase option) and placed into service by December 31, 2008 is eligible for the increased allowance.
| Before getting EMR |
MEDICAL BILLING SERVICES, THE REVENUE CYCLE MANAGEMENT
Real studies show that as much as 25 percent of physician income, and often times more, is lost due to uncharged, under-priced and under-reimbursed services. This situation adversely affects physician practices of all sizes as doctors try to see more patients in an attempt to compensate for declining revenues.
These days, billing specialists and the physician must be coding experts in order to code with complete confidence in billing levels, modifiers, linked ICD-9’s and CPT’s. There are seemingly endless factors that contribute to accurate medical billing and achieving maximum reimbursements.
At EncounterNotes, we offer the best of both worlds: Best of breed EMR expertise and best in the Industry revenue cycle management expertise. We bring it all together with a seamless solution that begins with the office visit and note, continues through the full cycle of A/R management and ends with a significant increase in practice revenues, minimal accounts receivables and a practice that runs with optimum performance and efficiency.
Achieving maximum reimbursements isn't just filing claims and following up on those claims and patient statements. While the process of medical billing is becoming increasingly more complex and payors are making it harder and harder to reimburse for services, another significant factor is often overlooked. Medical practices, across the country, routinely under code for office visits for a variety of reasons: incorrect ICD-9 – CPT linking, incorrect modifier usage, fear of an audit, etc. Many are also not aware of the specific E&M level guidelines and exactly what is credited towards the various categories of evaluation and management.
Our technology provides you with the resources and confidence in documentation, to code at higher levels. Studies have shown that practices using EMR's typically bill at 25% higher levels. Our solution system uses the latest Evaluation and Management guidelines for E&M coding. In the few cases where our clients have been audited due to an increase in billing levels, 100% passed the audit with flying colors.
Based on the latest E&M guidelines, our EMR's Evaluation & Management Wizard solution insures accuracy and confidence in coding. You can instantly see how the suggested billing level is reached and review the E&M credits within your note, allowing you to check the work you've done and help determine what may remain to achieve a higher E&M level.
Our aggressive and tactical revenue cycle management services extend far beyond medical billing and we help increase our client’s revenues a minimum of 10%; in some instances 25-30% may be attained. With all the recent changes in Medicare, HIPAA, NPI, etc. keeping up on the latest mandates and those coming out, requires the expertise of top-level RCM consultants.
With the option of our EMR solution and RCM expertise, or a combination of both, we offer our physicians a system that insures accurate (and higher) billing levels at the patient encounter and guarantees aggressive follow up on claims and patient statements, to maximize revenues and minimize AR.
EncounterNotes provides you with the following EMR Software Products, Medical Billing Service, and technology Services
Medical Software | Practice Management Software | Medical Scheduling Software | Telephony Reminder Software - ReminderPro | Medical Billing Software | Electronic Medical Records Software | EMR Software / EHR Software | Telephony Lab System | Medical Billing Service
For more Information
Feel free to contact us so we can provide you with more insight information. Remember that we are consultants and not sales people, so the conversation will be more straight to your point not to ours. If you do not have time right now, just leave us your information and we will call you at the time you specify in the free demo request form
Just $30 a month with our EMR/EHR Software, or
125 to 249 calls - 20¢/ call
250 to 999 calls - 18¢/ call
10,000+ calls - 10¢/ call