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EMR Remedies Electronic Health Record Solutions www.EMRremedies.com Copyright – EMR Remedies - 2011 Corporate Overview and General Information on Federal.

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Presentation on theme: "EMR Remedies Electronic Health Record Solutions www.EMRremedies.com Copyright – EMR Remedies - 2011 Corporate Overview and General Information on Federal."— Presentation transcript:

1 EMR Remedies Electronic Health Record Solutions www.EMRremedies.com Copyright – EMR Remedies - 2011 Corporate Overview and General Information on Federal Healthcare Stimulus Plan

2 EMR Remedies Objective We provide technology services to medical practices as they navigate through the migration to Electronic Health Record (EHR) systems and assist with acquiring the federal stimulus funding Copyright – EMR Remedies - 2011 EMR Remedies Electronic Health Record Solutions

3 About EMR Remedies EMR Remedies was founded with one primary goal, to assist physicians with the evaluation and selection of Electronic Medical Record (EMR) systems as well as other technology required to improve the productivity and efficiencies of the physicians practice. EMR Remedies brings in excess of 100 years of Engineering and Information Technology experience to its clients. With over 20 years of healthcare expertise on staff, we bring the best professional services combination of Healthcare Technology and Practice Compliance to meet every need for the healthcare provider's office and staff. Our approach to the industry is to view each practice as a unique business process and to evaluate all available technologies that can assist in improving efficiencies while meeting the necessary regulatory requirements. We provide expert analysis to all areas of medical office technology such as Electronic Health Record (EHR) systems, Picture Archiving and Communication Systems (PACS), Lab Information Systems (LIS), Transcription, Billing and Coding, Hardware and Software Support, and Remote Hosting Services. With expertise in the HIT Meaningful Use criteria for Medicare and Medicaid providers, we can insure that physicians receive maximum benefit from the HITECH provisions of the American Recovery and Reimbursement Act (ARRA) of 2009. EMR Remedies Electronic Health Record Solutions Copyright – EMR Remedies - 2011

4 EMR Remedies Leadership Anil Keswani, President - Chief Executive Officer/Co-Founder Anil has over 30 years of technology experience in software development and IT management and is responsible for leading EMR Remedies and for development of strategic alliances with healthcare and technology companies serving the medical industry. In addition, Anil also has responsibility for the compliance, security, and training aspects of the company. Russell Garofalo, P.E., Executive Vice President - Chief Marketing Officer/Co-Founder Russ has over 30 years of sales and marketing experience focused on the healthcare industry and is responsible for leading EMR Remedies Marketing and Sales efforts. In addition, Russ also has responsibility for the ongoing coordination and continuous improvement of maintenance services and customer satisfaction. Patricia Holladay, Ph.D., Vice President - Chief Compliance Officer Dr. Holladay has over 21 years of private practice experience in healthcare. She is responsible for the maintenance of full compliance with the legal mandates and frequent policy changes in order to ensure that physicians are up-to-date with their practice compliance issues. In particular, these issues regard ARRA 2009, HITECH Act, HIPAA, ICD-10 and many other healthcare legal mandates. EMR Remedies Electronic Health Record Solutions Copyright – EMR Remedies - 2011

5 EMR Remedies Value Proposition Copyright – EMR Remedies - 2011 EMR Remedies Electronic Health Record Solutions

6 Sample of Meaningful Use Tracking Tool Copyright – EMR Remedies - 2011 EMR Remedies Electronic Health Record Solutions

7 Key Milestones to Implement an Electronic Healthcare System Copyright – EMR Remedies - 2011 EMR Remedies Electronic Health Record Solutions

8 General Information on Federal Healthcare Stimulus Plan Information from Allscripts Stimulus 101 Document – May 1, 2010 Advanced Data Systems Corporation - 2010 Copyright – EMR Remedies - 2011 EMR Remedies Electronic Health Record Solutions

9 – Medicare 1. Doctor of medicine or osteopathy 2. Doctor of dental surgery or medicine 3. Doctor of podiatric medicine 4. Doctor of optometry 5. Chiropractor – Medicaid 1. Physicians 2. Dentists 3. Certified nurse-midwives 4. Nurse practitioners 5. Physician assistants practicing in an FQHC or RHC that is so led by a physician assistant Who is Eligible for Stimulus Funding Copyright – EMR Remedies - 2011 EMR Remedies Electronic Health Record Solutions

10 Medicare Physicians who do not have a large Medicaid volume but do accept Medicare can earn up to $44,000 over the five years based on a calculation of submitted allowable charges multiplied by 75%, up to the cap for the year. Additionally, physicians operating in a "health provider shortage area" will be eligible for an incremental increase of 10%, and those delivering care entirely in a hospital environment, such as anesthesiologists, pathologists and ED physicians, are ineligible. Copyright – EMR Remedies - 2011 EMR Remedies Electronic Health Record Solutions

11 Medicare Incentives Schedule The maximum amount available to eligible providers through Medicare is $44,000. If the provider bills at least $24,000 to Medicare in 2011, 2012, 2013, 2014 and 2015, they will have earned the maximum of $44,000 over the course of the 5 year payment period. Copyright – EMR Remedies - 2011 EMR Remedies Electronic Health Record Solutions

12 Medicaid Physicians who see more than 30% of patients paying with Medicaid (20% for pediatricians) are eligible for payments of up to $63,750 over six years. The incentives will be calculated through a formula that multiplies 85% by amounts ranging from $25,000 in the first year to $10,000 in subsequent years. Additionally, those meeting the 30% threshold can begin earning the incentive payments even as they adopt, implement and upgrade their EHR software; they can begin proving Meaningful Use of the EHR in the second year of their program participation. Copyright – EMR Remedies - 2011 EMR Remedies Electronic Health Record Solutions

13 Medicaid Incentives Schedule Under Medicaid, eligible providers can receive up to $63,750. To qualify, an eligible provider's patient population must be comprised of at least 30% Medicaid patients (20% for pediatricians). Copyright – EMR Remedies - 2011 EMR Remedies Electronic Health Record Solutions

14 Specifics of the Opportunity There are two incentive programs for Physicians: 1. Medicare 2. Medicaid Physicians will choose program participation If your allowable charges are less, you’ll still be able to participate – you just won’t hit the cap Bonus: Physicians operating in a “health provider shortage area" (HPSA) will be eligible for an incremental increase of 10% in their incentive payments Copyright – EMR Remedies - 2011 EMR Remedies Electronic Health Record Solutions

15 Medicare Penalties/Deductions Beginning in 2015…  Accelerating in subsequent years  Non-adopters who are not meaningfully using a Certified EHR will be subject to reductions Fee schedules will be reduced as follows:  2015 - 1% Reduction  2016 - 2% Reduction  2017 - 3% Reduction  2018 - 4% (Secretary of HHS Option if fewer than 75% of eligible professionals are not meaningfully using a certified EHR)  2018 - 5% (Secretary of HHS Option if fewer than 75% of eligible professionals are not meaningfully using a certified EHR) Copyright – EMR Remedies - 2011 EMR Remedies Electronic Health Record Solutions

16 Anil Keswani anil@EMRremedies.com 214-546-4608 www.EMRremedies.com Copyright – EMR Remedies - 2011 EMR Remedies Electronic Health Record Solutions


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