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Financial Incentives for EHR R&D MedTech
Who Is R&D Med Tech? ,[object Object],[object Object],[object Object]
Why R&D MedTech and Why Greenway? ,[object Object],[object Object],[object Object],[object Object]
Customer Base
Prime Suite ,[object Object],[object Object],[object Object]
Template Summary ,[object Object],[object Object],[object Object]
Training ,[object Object],[object Object],[object Object],[object Object]
The $1.7M Opportunity of EHR $50,000 PQRI Financial Incentives $1,769,835 Total $360,000 In-House Pharmacy Revenue $500,000 Clinical Trial Revenue $250,000 Tax Incentive $44,000/$63,750 Medicare/Medicaid Stimulus  $6,000 E-Prescribe Stimulus (2009-2010) $25,000 Malpractice Liability Insurance Discount $210,000 More Revenue Through Better Coding $216,300/$324,835   Practice Process Improvements Average Dollars Per Physician over 5 years Type of Cost Savings/New Revenue
R&D Guarantee ,[object Object],[object Object]
Meaningful Use ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Who is Eligible for Federal Stimulus Incentives? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Medicare Eligible Professional Incentives for Meaningful Use of Certified EHR ’ 09-10 Learn/ Install $18k 2011 2012 $12k $8k 2013 $4k $2k 2014 2015 Cumulative Annual  Penalty Up to  $44k  per provider Physician must charge > $24K Medicare Part B in year one to hit max incentive *  If <75% of physicians have “meaningful use” by 2018, HHS has provisions in the law to allow increases to the penalties up to a max of 5%. 3% 2017 and after 2% 2016 1% If Physician is e-prescriber 2% If Physician is not  e-prescriber 2015 Medicare Penalties Calendar Year
Who is Eligible for Federal Stimulus Incentives? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Medicaid Eligible Professional Incentives for Meaningful Use of a Certified EHR Medicaid Penalties  for No EHR *The Stimulus Package states Medicaid incentives could start as early as 2010    *Medicaid Incentives up to $63,750 for Uninsured, Rural, FQHC and Low-Income Providers/Eligible Professionals with a 30% Medicaid “population” or Pediatricians with at least a 20% Medicaid “population” . Pediatricians below 30%  may be reimbursed at 2/3’s ($42,075) of the total allowable incentive. 2015 0% Penalty Reductions
Greenway Experience on Where Savings Are Generated ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Increased Revenue Through Improved Coding ,[object Object],[object Object]
EHR and Medical Liability Insurance Discounts ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
E-Prescribe Incentives ,[object Object],[object Object],2% 1.5% 1% None None None Penalty None 0.5% 1% 1% 2% 2% Incentive Beyond 2013 2012 2011 2010 2009
Physician Quality Reporting Initiative (PQRI) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Tax Incentives ,[object Object],[object Object]
Opportunities for New Revenue Streams ,[object Object],[object Object],[object Object]
Opportunity For New Revenue With Clinical Trials
In-House Pharmacies ,[object Object],[object Object],[object Object],[object Object]
Questions? Contact:   Rob Raasch [email_address] 918-682-2285 www.RDMedTech.com

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Stimulus Presentation

  • 1. Financial Incentives for EHR R&D MedTech
  • 2.
  • 3.
  • 5.
  • 6.
  • 7.
  • 8. The $1.7M Opportunity of EHR $50,000 PQRI Financial Incentives $1,769,835 Total $360,000 In-House Pharmacy Revenue $500,000 Clinical Trial Revenue $250,000 Tax Incentive $44,000/$63,750 Medicare/Medicaid Stimulus $6,000 E-Prescribe Stimulus (2009-2010) $25,000 Malpractice Liability Insurance Discount $210,000 More Revenue Through Better Coding $216,300/$324,835 Practice Process Improvements Average Dollars Per Physician over 5 years Type of Cost Savings/New Revenue
  • 9.
  • 10.
  • 11.
  • 12. Medicare Eligible Professional Incentives for Meaningful Use of Certified EHR ’ 09-10 Learn/ Install $18k 2011 2012 $12k $8k 2013 $4k $2k 2014 2015 Cumulative Annual Penalty Up to $44k per provider Physician must charge > $24K Medicare Part B in year one to hit max incentive * If <75% of physicians have “meaningful use” by 2018, HHS has provisions in the law to allow increases to the penalties up to a max of 5%. 3% 2017 and after 2% 2016 1% If Physician is e-prescriber 2% If Physician is not e-prescriber 2015 Medicare Penalties Calendar Year
  • 13.
  • 14. Medicaid Eligible Professional Incentives for Meaningful Use of a Certified EHR Medicaid Penalties for No EHR *The Stimulus Package states Medicaid incentives could start as early as 2010 *Medicaid Incentives up to $63,750 for Uninsured, Rural, FQHC and Low-Income Providers/Eligible Professionals with a 30% Medicaid “population” or Pediatricians with at least a 20% Medicaid “population” . Pediatricians below 30% may be reimbursed at 2/3’s ($42,075) of the total allowable incentive. 2015 0% Penalty Reductions
  • 15.
  • 16.
  • 17.
  • 18.
  • 19.
  • 20.
  • 21.
  • 22. Opportunity For New Revenue With Clinical Trials
  • 23.
  • 24. Questions? Contact: Rob Raasch [email_address] 918-682-2285 www.RDMedTech.com