California Healthline: Official: Sequestration To Affect Medicare EHR Incentive Payments

Hospitals that participate in the Medicare portion of the federal electronic health record incentive payment program could lose thousands of dollars in payments as a result of the 2% cut to Medicare reimbursements under sequestration, according to a federal official, Modern Healthcare reports (Conn/Zigmond, Modern Healthcare, 3/5).

On Friday, President Obama signed an order to initiate $85 billion in spending cuts for the fiscal year ending on Sept. 30. The mandated cuts are the first installment of nearly $1 trillion in across-the-board reductions under sequestration (California Healthline, 3/5).

Under the 2009 federal economic stimulus package, health care providers who demonstrate meaningful use of certified EHR systems can qualify for Medicaid and Medicare incentive payments. Most hospitals participate in both the Medicare and Medicaid portions of the incentive payment program.

Read more: http://bit.ly/10iudJx

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  • LAAAC is managed by St. Barnabas Senior Services; Funded, in part, by Archstone Foundation.
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