Helping You Achieve MEANINGFUL USE
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The document discusses how Lantium HealthTech Partners can help healthcare providers achieve Meaningful Use of electronic health records (EHR) to qualify for incentive payments from Medicare and Medicaid. It outlines the EHR and IT services Lantium offers, including hardware, installation, training, hosting, optimization, and compliance. It also provides details on the Meaningful Use incentive programs, including payment amounts per year and requirements to qualify. Additionally, it presents a return on investment analysis showing that adopting EHRs can save physicians time and allow them to see more patients, generating additional revenue of $78,000 per doctor per year on average.
Helping You Achieve MEANINGFUL USE
- 1. Helping You Achieve MEANINGFUL USE Presented to: Healthcare Industry Lantium HealthTech Partners 1787 Sentry Parkway West Building 16, Suite 240 Blue Bell, PA 19422 877-LANTIUM fax 215-358-3574 www.lantiumhtp.com
- 2. Healthcare Technology Solutions Helping you Achieve Meaningful Use: -Hardware Procurement/Installation -EHR Implementation/Training -EHR Cloud Hosting -EMR Optimization -Desktop Support -Meaningful Use Compliancy -Help Desk -Practice Assessment -IT Consulting -Medical Billing -Security Assessment -Medical Claims Clearinghouse -High Speed Data Access -Dragon Medical Installation -VOIP -Document Storage and Shredding -Web Design -Medical Chart Scanning
- 3. What is Meaningful Use? ? 2009 HITECH Program authorized payments to Physicians ? Encourage the use of approved EMR (CMS) ? Goal is to reduce healthcare expenditures ? Providers qualify under 2 programs: ? Medicare- $44,000 per provider over 5 years ? Medicaid- $64,000 per provider over 6 years ? Implement by 2012 for full benefit (2016 Penalties will apply) ? How to Qualify ? Register and obtain CMS EHR Cert ID ? Must attest for 90 days in first year
- 4. Incentive Programs Incentive Programs - Medicare Years CY 2011 CY 2012 CY 2013 CY 2014 CY 2015 CY 2016 CY 2011 $18,000 $12,000 $8,000 $4,000 $2,000 $0 CY 2012 $18,000 $12,000 $8,000 $4,000 $2,000 CY 2013 $15,000 $12,000 $8,000 $4,000 CY 2014 $12,000 $8,000 $4,000 CY 2015 $0 $0 CY 2016 -1% 0 CY 2017 -1% -2% Stage 1 Stage 2 Stage 3 CMS Payments will start in May 2011 First Payment Year: Continuous 90-day period Second Payment Year: Entire Year Incentive Programs - Medicaid EHR Adoption 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Total 2011 $21,250 $8,500 $8,500 $8,500 $8,500 $8,500 $0 $0 $0 $0 $0 $63,750 2012 $21,250 $8,500 $8,500 $8,500 $8,500 $8,500 $0 $0 $0 $0 $0 $63,750 2013 $12,250 $8,500 $8,500 $8,500 $8,500 $8,500 $0 $0 $0 $0 $63,750 2014 $12,250 $8,500 $8,500 $8,500 $8,500 $8,500 $0 $0 $0 $63,750 2015 $12,250 $8,500 $8,500 $8,500 $8,500 $8,500 $0 $0 $63,750 2016 $12,250 $8,500 $8,500 $8,500 $8,500 $8,500 $0 $63,750 2017 $12,250 $8,500 $8,500 $8,500 $8,500 $8,500 $63,750
- 5. ROI of Electronic Health Records Average time saved in documenting a visit 5 Mins Average physician appointments per day 25 Minutes saved per day (25 visits x 5 minutes) (2 Hours) Total days worked in 12 month period (5 days/wk x 48 wks) 240 Total hours saved per year (240 days x 2 hours) 480 Total weeks of work saved per year (480 hrs / 40 hrs/wk) 12 weeks (2 hours saved each day converts into more visits. You can see an additional 6 to 7 patients per day. Approximately $200 per hour / $50 per patient visit.) Additional patient visits per day 6.5 Total days worked in 12 month period (5 days/wk x 48 wks) 240 Additional patient visits per year (6.5 visits x 240 days) 1,560 Total ROI per doctor per year (1,560 visits x $50) $78,000