Health Information Technology for Economic and Clinical Health (HITECH)
The American Recovery and Reinvestment Act (ARRA) became official in February of 2009, when President Obama signed a bill making it law. The act provides a number of stimulus options, one of which has set aside over $19 Billion to fund IT initiatives for the healthcare industry. One part of ARRA was designated the Health Information Technology for Economic and Clinical Health Act, or HITECH for short.
At Colaborate, we make it our business to keep up with the changing tides of legislation that may have an impact on you and your laboratory. We are here to answer questions you may have and help unravel the details in such laws.
There are a number of moving parts involved that are required to make this engine grow:
- The Office of National Coordinator defines the criteria for EMR certification
- The Centers for Medicare & Medicaid Services (CMS) defines “meaningful use” (MU) and financial incentives to “eligible professionals” (EP)
The law calls for incentives of up to $44,000 per provider and more than $2,000,000 for hospitals. The purpose is to provide incentives for adoption of EMR certified systems. When properly utilized, health IT systems can help relay vital information to healthcare providers in an attempt to better diagnose illness, lower the chance for errors (accurate data relay) and provide better care at a better price.
How EMR impacts your Laboratory
For more information on EMR eligibility visit the Centers for Medicare and Medicaid Services website.