$21.6B Doled Out in EHR Incentive Payments, CMS Report Shows
April 1, 2014 in News
As of February, $21.6 billion in incentive payments had been doled out to eligible hospitals and professionals participating in the meaningful use program, according a new CMS report, Modern Healthcare reports.
Under the 2009 federal economic stimulus package, health care providers who demonstrate meaningful use of certified electronic health record systems can qualify for Medicaid and Medicare incentive payments.
The latest figure represents about a $675 million — or a 3.2% — increase from CMS’ January report.
Details of Latest Data
According to the CMS report, more than 94% of eligible hospitals have registered for the meaningful use incentive program, with about 90% of those hospitals receiving a total of about $14.2 billion in incentive payments.
Meanwhile, more than 88% of eligible professionals have enrolled in the incentive program, with two-thirds of those providers receiving a total of nearly $7.5 billion (Conn, Modern Healthcare, 3/31).
According to the report, eligible professionals have received about:
- $4.4 billion under the Medicare incentive program;
- $2.7 billion under the Medicaid incentive program; and
- $315.7 million under the Medicare Advantage incentive program (CMS report, February 2014).