Eligible Professionals (EPs) who qualified for Meaningful Use in 2011 have until February 29th, 2012 to register and attest. The last possible reporting period for 2011 Medicare program ended on December 31st, 2011. EPs who completed their 90-day period in 2011 should work with their Regional Extension Center (REC) representative to register and attest online as soon as possible.
Incidentally, February 29th is also the last day to submit any unbilled Medicare Part B claims from 2011. Please bare in mind that Medicare Stimulus payments are calculated based on your annual allowable charges submitted to Medicare Part B. EPs must bill a minimum of $24,000 to qualify for the maximum $18,000 payoff for year one.
The HITECH Stimulus program reimburses EPs up to $44,000 under the Medicare or $64,000 under the Medicaid program for implementing certified EHR technology. Medicare requires a 90-day attestation period where each provider meets the meaningful use objectives. Medicaid only requires EPs to “adopt, implement, or upgrade” to certified EHR technology.
If your practice is still shopping for EHR, consider making a purchase decision during the first quarter of 2012. That will give you plenty of time to install and train on the system before beginning your 90-day attestation period. The last reporting period for 2012 begins October 1st, so be sure to start early.
XLEMR is hosting a one-time web presentation about how to achieve stimulus funding under the Medicare program. The presentation is on Tuesday, February 7th at 5:00 PM EST. It is free to all clinical and administrative staff. You can register online at http://www.xlemr.com/webinar.html.