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EHR - October 3rd is the Last Day for 1st-year Medicare EPs to Begin a 2014 reporting Period
September 24, 2014
October 3rdis Last Day for 1st-year Medicare EPs to Begin a 2014 Reporting Period
CMS wants to make sure you don’t miss an opportunity to receive incentive payments for the Medicare EHR Incentive Program.
The last day to begin a 2014 reporting period for first-year Medicare eligible professionals isOctober 3rd.
Here are a few key points eligible professionals who have not yet started participation in the Medicare EHR Incentive Program should know.
Earning Incentives
October 3rdis the last day to start the 90-day reporting period in 2014 for the Medicare EHR Incentive Program.
If you start participation byOctober 3, you will have the opportunity to receive an incentive for 2014, and if you continue to achieve meaningful use, can earn incentive payments for 2015 and 2016 participation.
If you wait and start participation in 2015, you will not be eligible to receive incentive payments, but can avoid payment adjustments.
Avoiding Adjustments
You will not avoid thepayment adjustment in 2015, as you will not be able to attest to 90 days of data byOctober 1, 2014.
If you applied for a 2015 hardship exception by July 1, 2014, you may avoid the payment adjustment.
If you attest to 2014 data byFebruary 28, 2015, you will avoid the 2016 payment adjustment.
Medicare eligible professionals must attest to demonstrating meaningful useevery yearto receive an incentive and avoid a payment adjustment.
For More Information To learn more about other eHealth events and National Health IT Week, visit theCMS Events pageon the eHealth website. For more information about the EHR Incentive Programs, visit theCMS EHR website.
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