The government has now ruled that, within the first 6 months of 2011, you must prescribe electronically or you will be penalized 1% of your TOTAL Medicare payments for 2012.
ePrescribing
Incentive:• Calculated as a percentage of estimated total Medicare Part B Fee-For-Service Allowed Charges submitted by end of February, according to the following schedule:
The Medicare Improvements for Patients and Providers Act (MIPPA)
Why is ePrescribing particularly important in 2011?
In addition to increasing Medicare reimbursement by 1% in 2011, ePrescribing in 2011 prevents physicians from incurring the ePrescribing penalties (in the chart above) for 2012 and 2013 as follows:
- Providers who do not successfully ePrescribe on 10 Medicare encounters between January and June 2011 will be subject to a 1% reduction in 2012 Medicare rates.
- Providers who do not successfully ePrescribe on 25 Medicare encounters between January and December 2011 will be subject to a 1.5% reduction in 2013 Medicare rates
Criterion's eRx module will allow compliance for this requirement and prevent payment penalization. eRx costs are $35.00/month which includes all available carrier formularies, drug to drug interaction warnings and generic substitution suggestions. Call our Criterions Support Services Center to get started (please allow a couple weeks for implementation and training).
