Published: 2011-03-20 18:55:38
Author: American Chiropractic Association | ChiroEco | March 18, 2011
The American Recovery and Reinvestment Act of 2009 made a significant investment to encourage the adoption of electronic health records (EHRs) by healthcare providers and the chiropractic industry.
Under the new program, due to begin in 2011, physicians — including DCs — are eligible for incentive payments totaling more than $40,000 for meeting EHR standards developed by the U.S. Department of Health and Human Services.
Conversely, healthcare providers who have not implemented EHR technology by 2014 will face Medicare fee schedule reductions.
According to a new study, total cost to purchase and implement electronic health record systems averages $46,000 for a primary care practice staffing five physicians. Researchers in Texas studied 26 practices of various sizes that were a part of HealthTexas Provider Network.