Cash-in on E-prescribing
In an effort to accelerate the adoption of health IT and reduce drug errors, CMS will provide incentive payments to eligible healthcare professionals who are e-prescribing. According to a July 21 report posted on the HHS.gov Web site, the initiative will be a 2 percent incentive payment in 2009 and 2010; a 1 percent incentive payment in 2011 and 2012; and a 0.5 percent incentive payment in 2013.
Eligible health care professionals not e-prescribing by 2012 will receive a reduction in payment unless otherwise exempt. To qualify for exemption, a health care professional must prove compliance would result in significant hardship.