The Centers for Medicare & Medicaid Services (CMS) recently announce that incentive payments for the Medicare EHR Incentive Program will be sent out this week. Providers who have successfully attested to having met meaningful use, and who have met all the other program requirements, can expect to receive their 2011 incentive payments soon.
Eligible Professionals participating in the Medicare EHR Incentive Program receive a payment based on 75 percent of their total Medicare allowed charges submitted no later than two months after the end of the 2011 calendar year. The maximum allowed charges used for a 2011 incentive payment is $24,000. This means that the maximum incentive payment that can be received for the first participation year is $18,000. Incentive payments to eligible hospitals and critical access hospitals are based on a number of factors, beginning with a $2 million base payment.
Participants will receive their Medicare EHR Incentive Program payment the same way they receive payments for Medicare services, via electronic funds transfer or by paper check. Payments to Medicare providers will be made to the taxpayer identification number selected during registration for the program. For electronic transfers, CMS will deposit incentive payments in the first bank account on file and it will appear on the bank statement as "EHR Incentive Payment."
CMS notes that Medicare Administrative Contractors (MACs), carriers, and fiscal intermediaries will not be making these payments, so do not contact your MAC regarding EHR incentive payments. To date, over $83 million in Medicaid incentive payments have been issued to EPs and eligible hospitals.