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KSM Blog | Katz, Sapper & Miller CPA

Healthcare IT - Government Stimulus Money Spurring Investment

Posted 8:35 PM by

The American Recovery and Reinvestment Act earmarked billions of dollars in Medicare bonuses available to hospitals and physicians to encourage spending on healthcare information systems. Payments are available beginning 10/1/10 for hospitals and 1/1/11 for physicians. However, these incentives will turn into penalties for late adopters starting in 2015.  The key to earning the bonus is demonstrating the somewhat nebulous "meaningful use" standard. 

This carrot and stick framework is encouraging a number of our clients to jump in early and try to maximize the available federal dollars as a subsidy for their healthcare IT investment.  The benefits of an integrated information system have long been touted to include:

  • Reduced billing costs
  • Reduced transcription costs
  • Reduced duplicative testing
  • Lowered risk of medication errors
  • Streamlined prescription refills
  • Improved coding

About Us
Katz, Sapper & Miller’s Healthcare Resources Group serves healthcare providers, including physicians, hospitals and health systems, surgery centers, and long-term care facilities. Our team of healthcare professionals has the scope and depth to meet client needs. Learn more.

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