Wednesday, March 24, 2010

Summary of the H.R. 3590 and the impact on physicians

Today I reviewed a great summary of the H.R. 3590 bill that was signed into law on 3-23-2010. This was a pdf published by the North Carolina Medical Scociety.

It is clear that there will be many changes that practices will start seeing. Some are relating to the potiential increase in Medicare/Medicaid patients (estimated at 16 million new Medicaid receipients), also some of the new penalties associated with not participating in the PQRI initiative. It is estimated that a 1.5% to 2% penalty will be imposed begining in 2015 for non PQRI participants . So, if EHR is in your plans, and you the practice does see a high volume of Medicare/Medicaid then this maybe a good time to contact the vendor to seek assistance for PQRI.

I also saw how there will be some bonus payments (10% Medicare bonus) for primary care and general surgeons practicing in shortage areas 2011-2015.

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