Platinum MD - Hospitals and Health Systems
Space is a concern: PlatinumMD works with you to find the optimal arrangement. Once using EHR-EMR/PM with greater frequency, you’ll free additional space previously used for physical charts
Using data collected for business audits and outcomes analysis, PlatinumMD delivers consistent clinical and administrative workflow among providers, hospitals, and patients. EHR-EMR/PM documents patients with customizable templates and centralizes business operations across practices: all while identifying business areas to target for improvement.
Invest in a health information system known for running outpatient medical centers: with EHR-EMR/PM, experience quick response time with no segueing system of screens and no gratuitous keyboard work.
Hospitals and hospital-owned practices are eligible to receive stimulus incentives if they can demonstrate “meaningful use.” Hospitals are able to receive grants or loans to further EHR-EMR/PM adoption as part of the $13 Billion in monies available through American Recovery & Reinvestment Act.
By 2014, hospitals and physicians should take advantage of the combined incentives of the ARRA and the Stark Safe Harbor programs. The Stark Safe Harbor Legislation provides hospitals exceptions to the restrictions of the Stark Anti-Kickback laws: this exception allows hospitals to donate “Items & services necessary and used predominantly to create, maintain, transmit, or receive EMRs” to community or affiliated physicians. Requirements include e-Prescribing and prohibiting hospitals from donating physician office equipment or replacing existing EHR-EMR/PMs. Receiving providers contribute 15% of the donor’s cost for items and services provided, though at the hospital’s discretion may be required to contribute a larger amount: this exception ends December 31, 2013.
EHR-EMR/PM adoption improves a hospital’s market position as well as its ability to manage the clinical process, and take full advantage of reimbursements. Hospitals and Health Systems can anticipate an increase in demand from community practices for subsidizing EHR-EMR/PMs. Hospitals may earn Medicare incentives by late 2010 and physicians may earn incentives by early 2011. Medicaid incentives may be earned in 2010. Federal and state grants for medical providers are currently underway with continued availability. Funding can be received for either Medicare or Medicaid, not both.
Practices that are not actively using and reporting with a certified EHR-EMR/PM will have their Medicare fee schedule reduced staring in 2015. Hospitals, health systems, and community physicians will lose the combined benefits of the acts described above in the 2013 – 2014 window including loss of: the ability to more effectively include community and affiliated physicians through that which is provided by a common EHR-EMR/PM; truly differentiating a hospital system in the market based on greater patient service and gaining full bonus incentives. Additionally, penalties will apply to hospitals that are not using and reporting by October 2014.
Over 60 Billion USD in funding is included in the HITECH provisions of the ARRA. Implement EHR now.
Learn More