- 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.
| Medical Billing Software |
Medical Billing Software
The most critical part of managing any medical practice is ensuring that the bills are paid. Without control of your accounts receivables and payables, your patient care will suffer, guaranteed. This is why the electronic medical billing software solution is a critical part of the EncounterNotes Medical practice management software solution.
There are many reasons that you should consider using medical practice software at your office. Our customizable solution will allow you to select a specialty template that is appropriate for your practice.
EncounterNotes medical practice software solution will also result in an increase in patient satisfaction. Our solutions can accommodate scheduling needs, prescriptions needs, as well as insurance needs. As a result, patients can benefit from faster insurer payments as they won't have to wait the 30 days or more that paper claims generally require. Plus, with our safe, secure and 100% HIPAA compliant solution, you can be assured of fewer billing and insurance errors.
Each day, our electronic medical billing software enables hundreds of practices across the United States to manage their patient receivables, track unpaid bills, and process claims with insurers. This ensures that revenues from patient care are maximized at every practice and that overdue bills can be caught before they present a problem. This is why our electronic medical billing software solution is one of our most popular medical software applications, and frequently is the largest contributor to return on investment for our clients.
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
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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