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A Real or Economically Stimulated Need?
Many doctors – and their CPAs – view an in office electronic medical record [eMR] system as a balance sheet item to purchase for a medical practice; much like any other piece of business equipment or medical instrumentation.
Of course, ARRA and the HITECH Acts also treat eMRs like an asset that the Federal government can motivate doctors to purchase thru their “meaningful use” economic stimulus and rebate program … sort of a social engineering fiscal health policy for medical professionals.
And so, the question for doctors really is: do you believe in eMRs as a stand-alone item above and beyond their rebate earning capacity?
THINK “cash for clunkers”, or the first time home buyer “mortgage credit rebate program”.
In other words, sans this Federal economic rebate program externality, would you purchase an eMR system despite the HITECH Act? Will you purchase one once the rebate period has expired. Are eMRs a depreciating or appreciating asset?
Please opine with your vote!
Conclusion
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Filed under: "Advisors Only", "Doctors Only", Accounting, Health Law & Policy, Information Technology, Voting Polls | Tagged: ARRA, CCHIT, EHRs, EMRs, HITECH, ONC |
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 
Hi Ann
Tonight, when I have more time, I’ll check similar polls over at http://www.sermo.com, a physicians-only website where most are against eHRs.
Check out my website – http://www.msofficeemrproject.com where I have a wealth of information on the subject. I’ve posted over 6000 blogs on it since 2004. There are a lot of downloads there too …
Al Borges MD
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Editor’s Note:
Here are two related direct links courtesy of Dr. Borges:
1. http://www.emrandehr.com/tag/emr-stimulus/
2. http://ehr.healthcareitnews.com/blog/guest-blog-changing-healthcare-inside-out
Ann Miller RN, MHA
[Executive-Director]
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MGMA Urges Changes to CMS’ e-scripts Plans
In its comments on the proposed 2011 physician fee schedule, the Medical Group Management Association strongly urged the CMS to revise the penalties slated for its e-prescribing incentives program. The CMS had implemented the “eRX” program in 2009, offering a 1% bonus payment starting in 2011 for physicians or group practices that would qualify as “successful electronic prescribers” as defined in the Medicare Improvements for Patients and Providers Act of 2008. In 2012, however, the program is set to impose penalties on providers who are not successful e-prescribers.
The CMS states that the receipt of an incentive payment under Medicare’s electronic health records incentive program will not preclude providers from being subject to the penalty under the separately administered eRX program. To avoid the penalty, a physician or group practice “still must meet the relevant eRX penalty criteria for being a successful electronic prescriber.” The MGMA says that providers meeting “meaningful user of electronic health records” criteria should not be assigned any penalties under the eRX program.
Source: Jennifer Lubell, Modern Healthcare [8/25/10]
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