- 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.
| Clearinghouse Service |
Electronic Insurance Claims / Electronic Remitance Advice (ERA)
1. Electronic Insurance Claims - Increased Efficiency: Reduced Administrative and Processing Costs
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Eliminates labor and other costs related to processing paper claims
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Increases office staff production by enabling them to focus on other tasks
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Reduces amount of follow-up necessary on claims and makes necessary follow-up easier
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No "re-keying" of claims or additional work necessary.
2. Electronic Insurance Claims - Faster Payment of Claims
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Claims typically paid in 7-14 days
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Payment of higher percentage of claims as a result of fewer rejected claims
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Ease of sending claims encourages prompt submission of claims
3. Electronic Insurance claims - Detailed Editing of Claims
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99% acceptance by insurance carriers of claims processed through our Practice Management Solution due to extensive editing of claims
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Carrier specific edits for hundreds of insurance carriers
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"On-line" edit report gives claim sender immediate notification of claims along with a detailed error message explaining corrections necessary
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Claims rejected by our Practice Management solution can be corrected and submitted immediately
4. Electronic Insurance Claims - Confirmation that Claims are Received by Insurance Carrier
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Commercial insurance carriers electronically confirm that claims are received
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Confirmation that claim was received by insurance carrier reduces hassle in determining status of claim
Besides our Electronic Insurance Claims, and Electronic Remittance Advice, we also provide Medical Software, Practice Management Software System, Scheduling, Electronic Statements, Electronic Insurance Claims, Electronic Medical Records, Document Management, Telephony Reminder System, Telephony Lab System.
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