Hitech Act and How It Impacts EHR
 

Hitech Act and How It Impacts EHR

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This presentation will give you insights into what the HITECH Act is, government incentives available, and how it is changing the Electronic Healthcare Records market.

This presentation will give you insights into what the HITECH Act is, government incentives available, and how it is changing the Electronic Healthcare Records market.

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  • The Office of the National Coordinator for Health Information Technology (ONCHIT) was officially establishedResponsible for developing EHR standards and defining meaningful use of EHR$20 billion will be invested in Medicare and Medicaid incentives to encourage doctors and hospitals to transition to EHR
  • Physicians are eligible for $40,000 to $60,000, and hospitals will be eligible for millions providing they can prove meaningful use of the technologyIncentives will be paid through Medicare and MedicaidMedicaid will provide incentives to federally qualified health centers, rural health clinics, and children’s hospitalsAdditionally, low-interest-rate loans are provided
  • With eClinicalWorks you can purchase different modules that work together. A practice can start with just the EMR module and eventually come full circle and offer a patient portal, allowing patients access to their medical records online.
  • Practice Fusion partnered with Dell to offer an easy and affordable transition to EHR. Based on the size of your practice, Dell has established a package that will come set up with access to Practice Fusion’s free Web-based EHR solution.

Hitech Act and How It Impacts EHR Hitech Act and How It Impacts EHR Presentation Transcript

  • HITECH Act
  • The Health Information Technology for Economic and Clinical Health Act (HITECH Act)
    HITECH ACT
    President Barack Obama signed the HITECH Act, part of the American Recovery and Reinvestment Act
    HITECH is meant to stimulate industry-wide adoption of electronic healthcare records (EHR)
    HITECH provides $19.2 billion in stimulus money
    The goal is to encourage 90% of all doctors to be meaningful users of EHR
    Penalties will begin for late adopters of EHR in 2015
  • Only a small percentage of physicians are using EHR in their practices
    4 out of 10 doctors use EHR in their practice
    2 out of those 4 use EHR systems to its fullest potential
    The remaining physicians are buried under paperwork
    http://www.athenahealth.com/hitech.php
  • The HITECH Act aims to…
    Save More Lives
    Privacy and Security
    HITECH ACT
    Medical Costs
    Medical Errors
    Quality of Healthcare
  • There are significant incentives to adopt EHR starting in 2011
    Physicians and hospitals must prove meaningful use to receiveincentives
    http://practicefusion.com/pages/HITECH.html
  • Meaningful use as defined by ONCHIT
    Incentives
    Requirements
    The government released a 700-page document outlining meaningful use
    Improve care coordination
    Engage patients and family
    Improve population and public health
    Improve quality, safety, and efficiency
    Reduce health disparities
    Ensure privacy and security
  • EHR Market
  • The EHR marketplace is crowded
  • As the market matures, the EHR market will consolidate to 2 to 3 providers
    Current top 4 providers based on this ranking method
    Ranked on scale of 1 to 20 (1 = best, 20 = worst)
    Listed by sum of total score
    Green box represents “good” score 1 to 4
    Red box represents “bad” score 17 to 20
    http://www.medscape.com/viewarticle/717818
  • Different business models exist in the EHR marketplace
    • Free Web-based EHR system
    • Free online tutorials
    • Purchase $7500/ provider, $4500 each additional
    • License $250/month/provider
    • Training included
    • Optional: maintenance and support (additional costs)
    • Software license $995/provider
    • Training included
    • Maintenance and support ($500/year)
    • Optional: off-site backup ($250)
    • Optional: billing service (5% of collection)
  • Providers offer modules that work together to form a fully integrated system
    http://eclinicalworks.com/
  • Strategic partnerships are one way to differentiate your product
    http://www.practicefusion.com/pages/dell-emr-solution.html
  • Sources
  • Sources
    http://www.healthcapital.com/hcc/newsletter/6_09/HITECH.pdf
    http://www.medscape.com/viewarticle/717818
    http://www.athenahealth.com/hitech.php
    http://eclinicalworks.com/
    http://www.practicefusion.com/pages/dell-emr-solution.html