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|
|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.
(up to 2021)
a $25k (1st year only) = $21,250 or b $14,167
c $10k = $8,500 or d $5,667 & $5,666
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