AMA officials recognize that unless changes are made many physicians will face substantial financial penalties. Financial penalties start Jan. 1, 2015 in the form of a 1 percent cut to Medicare reimbursement (2 percent if physicians were unsuccessful in meeting the Medicare ePrescribing program requirements for 2014). Below are important deadlines and information to keep in mind:
- CMS call about MU: May 29, 1:30-3:00 pm. Registration information to be posted soon here.
- Reporting period: 90 days for all physicians in 2014 no matter when you started the program.
- Avoiding penalties in 2015 (applies to Medicare only):
- — New to MU in 2014: Can report on any 90-day period. Latest 90-day period to begin reporting is July 1. Must attest by Oct. 1.
- — Physicians who started MU prior to 2014: Select a three-month reporting period fixed to a specific quarter of the calendar year.
- — Medicare Hardship exceptions: Another way to avoid a financial penalty is to file for a hardship if you believe you qualify.
- July 1, 2014 is the last day to file for a hardship
- Hardships exceptions are valid for one year only
- More information on the types of hardship exceptions available and the application can be found here.
Medicaid: Physicians should select a three-month reporting period fixed to a specific quarter of the calendar year.
For more information on MU visit the CMS EHR Incentive Programs website or the AMA website. For questions and on-site consulting help contact Terri Gonzalez, the North Carolina Medical Society’s Director of Practice Improvement via email or at 919-833-3836 x123.