Meaningful Use Incentives and Penalties Made Simple

oct1It’s October 1, and meaningful use is a hot topic. Here are the scenarios that you can expect:

First time Medicare providers who did not attest on October 1, 2014 will be assessed a 1% penalty in Medicare reimbursements beginning January 1, 2015. That penalty will increase by 1% every year, up to a maximum of 5% reimbursement adjustment.

What are your options?

  • Providers can stop the penalty by using a meaningful use CEHRT.
  • Providers who exercised the hardship exemption, which was available earlier this year, will NOT be assessed the penalty in 2015.
    • Those providers can start their attestation in 2015 and still receive an incentive.
      • Up to $8,000 in 2015
      • Maximum of $12,000 for their last two years of meaningful use participation

 

For more information, visit www.eyefinity.com/mu2

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