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.
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Hitech Act and How It Impacts EHR
- 1. HITECH Act
- 2. 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
- 3. 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
- 4. The HITECH Act aims to… Save More Lives Privacy and Security HITECH ACT Medical Costs Medical Errors Quality of Healthcare
- 5. 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
- 6. 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
- 7. EHR Market
- 8. The EHR marketplace is crowded
- 9. 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
- 12. Purchase $7500/ provider, $4500 each additional
- 15. Optional: maintenance and support (additional costs)
- 18. Maintenance and support ($500/year)
- 19. Optional: off-site backup ($250)
- 21. Strategic partnerships are one way to differentiate your product http://www.practicefusion.com/pages/dell-emr-solution.html
- 22. Sources
- 23. 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
Editor's Notes
- 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.