According to the Department of Health and Human Services, providers who do not successfully e-prescribe during the first two quarters of 2011 will forfeit 1% of their Medicare allowed charges in 2012 and 2013.
As your billing company, we are committed not only to maximizing your collections, but also to educating you on events and measures that could impact your practice financially. We feel it is our duty to make you aware of this penalty and to help you get up and running with our Surescripts® certified e-prescribing solution as soon as possible.
MTBC EMR v 5.0—completely free for our 5% billing and practice management clients—offers state-of-the-art e-prescribing functionality that will enable you to avoid government penalties and even qualify for bonuses. In fact, if you begin e-prescribing now, you can earn a 1% bonus on your Medicare collections for 2011!
All you have to do to earn your bonus is:
- Report the e-prescribing G-code G8553 at least 25 times to Medicare.
- Make sure that 10% of your Medicare Part B charges are comprised of the following CPT codes (for visit level CPTs):
*NOTE: Please be advised that you cannot receive incentive payments for both the eRx Incentive Program and the Medicare EHR Incentive Program during the same year. Thus, if you plan to participate in the Medicare EHR Incentive Program, you should not participate in the eRx Incentive Program. However, it is important to note that if you choose the Medicare EHR Incentive Program over the eRx Incentive Program, you may still be penalized 1% of your Medicare allowed charges for failing to e-prescribe during the first two quarters of 2011. Please also note that this restriction does not apply with regard to the Medicaid EHR Incentive Program. Thus, you can receive incentive payments for both the eRx Incentive Program and the Medicaid EHR Incentive Program simultaneously.