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Ensure Successful MU Stage 2 Demonstration this March and Earn Incentives
CMS announced the extension of EHR attestation deadline from February 28 to March 20, 2015 for Eligible Professionals (EPs) this February. This extension has given some extra time to the providers for submitting their meaningful use (MU) data. It has also given them time to decide whether or not they want to switch programs, i.e. from Medicare to Medicaid or vice versa because after the March 20 deadline they will not be able to do so.
Industry Facts Successful MU2 Demonstration
  • According to a report by the CMS, only 2% EPs had attested to MU Stage 2 by November 2014
  • According to the National Centre for Health Statistics, only 13% physicians had EHR systems capable of reporting all 17 core objectives of the MU Stage 2 in 2013
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Is your Practice Prepared for Cash Flow Disruptions Post ICD-10?
Did you know that if the CMS fails to process one in five Medicare claims properly, it will lead to serious financial challenges for healthcare organizations? According to the industry experts, if CMS doesn’t develop suitable contingency plans, the ICD-10 transition might prove to be detrimental for various medical facilities, especially small practices.
Industry Facts ICD-code-challanges
  • According to the latest ICD-10 end-to-end testing results, Medicare claims that the acceptance rate might decline from 97% to just above 80% if the new coding system is implemented before the October 01 deadline this year
  • Small physician practices with one to five physicians might find the ICD-10 testing more challenging compared to large healthcare facilities
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