Advanced Data Systems Corporation

request-demo

Contact Us: 1-800-899-4237

Following are the financial incentives schedules under the HITECH provisions of the ARRA legislation:

Medicare Incentives Schedule

The maximum amount available to eligible professionals through Medicare is $44,000. See the explanation beneath the table for Medicare Part B amounts needed to qualify for the maximum incentives.

Year Eligible in 2011 Eligible in 2012 Eligible in 2013 Eligible in 2014 Eligible in 2015 and Beyond
2011 $18,000a $0 $0 $0 $0 incentive
2012 $12,000b $18,000a $0 $0 $0 incentive
2013 $8,000c $12,000b $15,000f $0 $0 incentive
2014 $4,000d $8,000c $12,000b $12,000b $0 incentive
2015 $2,000e $4,000d $8,000c $8,000c No incentive, 1% Mcare cut
2016 $0 $2,000e $4,000d $4,000d No incentive, 2% Mcare cut
Total $44,000 $44,000 $39,000 $24,000 No incentive, 3%-5% Mcare cut

Annual Part B charges required to obtain maximum Stimulus Act incentives:
a $24k Part B for $18k max
b $16k Part B for $12k max
c $10,667 Part B for $8k max
d $5,334 Part B for $4k max
e $2,667 Part B for $2k max
f $20k Part B for $15k max

Medicaid Incentives Schedule

Under Medicaid, eligible professionals can receive up to $63,750 over six years and must qualify by 2016 to receive maximum incentives. To qualify, an eligible provider’s patient population must be comprised of at least 30% Medicaid patients and 20% for pediatricians. Requires proving Meaningful Use in year 2; year 1 can be for adoption only.

Year 2011-2016
30% provider
2011-2016
20% pediatrician
1st year $21,250a $14,167b
2nd year $8,500c $5,667d
3rd year $8,500 $5,667
4th year $8,500 $5,667
5th year $8,500 $5,667
6th year
(up to 2021)
$8,500 $5,667
Total $63,500 $42,500

Allowable costs:
a $25k (1st year only) = $21,250 or b $14,167
c $10k = $8,500 or d $5,667 & $5,666

Get a free personal tour. Seeing is believing.

request-free-live-demo