- 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 Software
Whether you have one office location or several, you can access your data in real-time from anywhere. You can also add unlimited users to your account at no additional charge.
EncounterNotes makes it easy to manage your practice with our comprehensive reporting that allows you to drill down to see all of the details you need to reduce your accounts receivable.
Our Exclusive ClaimTracking allows you to track the life of a claim with a few clicks of the mouse. You can see every status of the claim from the first time it is sent to the clearinghouse. No longer does your staff need to spend hours reading text reports. Our ClaimTracking allows you to view just-rejected claims each morning and edit them with the click of a mouse. And when you are ready, our batch claim printing feature will allow you to print a group of claims to UB92 or HCFA 1500 as needed.
Electronic statements result in a quicker payment from the patient and saves on costs for printing, sorting, stuffing, addressing and mailing, stationary, envelopes, and address labels. For a few cents more than the cost of a stamp, we will handle all that for you, resulting in a significant savings.
Electronic Remittance Advice (ERA) allows your practice to receive, view, and post payments in seconds resulting in reduced labor costs and mistakes. Several parameters in our system allow you to have total control of what happens to the balance on a claim after the payment is posted.
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