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Wednesday August 6, 2014 |
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Top 5 Ways to Protect your Practice from Meaningful Use Audits in 2014 |
The Centers for Medicare & Medicaid Services (CMS) invested more than $19 billion in the Meaningful Use (MU) incentive payments in 2013. In 2014, the agency is planning to increase its auditing activities as it is inching closer to its $27 billion budget. Since Medicaid incentive program audits are carried out by each state in the US, it has become important for physicians to be prepared.
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Industry Facts: |
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- CMS is set to perform post-payment and pre-payment audits on 5-10% of providers, choosing them randomly
- According to the HIMSS 2014 website, one provider was asked to return $31 million in MU incentive payments due to an error
in EHR application
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If you have attested and received incentive payments, you should be prepared for the upcoming
audits.
Here are top five ways to protect your practice or hospital from a potential MU Audit in 2014
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Flat Income Trend for Physicians in 2014 |
The industry experts are witnessing compensation levels almost the same as last year; however, some specialties have witnessed a significant boost in their income. Technical and scientific breakthroughs helped these specialties gain more income, for instance, cardiology earnings increased due to the development of cardiac stents.
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Industry Facts: |
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- According to a national analysis of physicians compensation, doctors may soon be paid more on the basis of
“patient satisfaction metrics”
- As per a 2013 report from American Medical Group Association, physicians compensation increased in 61% of medical specialties
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