Our hospital is a Critical Access Hospital (CAH). We understand that there funding reimbursements for investments in EMR systems for hospitals such as ours. What is the best path to receiving these reimbursements?
The Health Information and Technology for Economic and Clinical Health (HITECH) Act of the American Recovery and Reinvestment Act (ARRA) of 2009 has provided for economic incentive payments to Hospitals and Providers as reimbursement for the expenses related to the acquisition of a Certified Electronic Health Record (EHR) Health Information Technology (HIT). The purpose of this Act is to promote the adoption and use of EHR technology. The demonstration of “Meaningful Use (MU) of Certified EHR Technology” by Hospitals and Providers as defined by the Federal Government is a requirement to become eligible for reimbursement.
EPOWERdoc offers flexible financing and acquisition plans to allow Critical Access Hospitals the opportunity to maximize their potential HIT reimbursement. Several generic examples of scenarios showing the potentially eligible expenses for reimbursement for the EPOWERdoc Emergency Department Information System (EDIS), EMRDoc, are available via our sales staff. Other financing options may be available to suit your facility’s unique circumstances.
Reimbursement under the HITECH Act is scheduled to be made for non previously depreciated or reported HIT expenses incurred prior to and during the fiscal years 2011 - 2015. Eligible HIT expenses may be submitted for multiple FY for the preceding year’s reporting periods until FY 2014. CAH may only receive reimbursement payments for 4 years total and these examples will show reimbursement from FY 2012 – 2015.