To earn a 2015 incentive payment and avoid a 2016 payment adjustment, first-time participants should:
Eligible hospitals that miss this deadline can still earn a 2015 incentive payment—and avoid the 2017 payment adjustment—if they begin their reporting period by July 1 and attest by November 30. However, they will be subject to the 2016 payment adjustment unless they apply and qualify for a hardship exception.
Hospitals that successfully attest in 2015 will also be eligible to earn a 2016 incentive if they continue to participate.
Eligible hospitals that begin participating after 2015 will not be able to earn incentive payments. They will also be subject to payment adjustments in 2016 and 2017.
Reforms to Medicare regulations identified as unnecessary, obsolete, or excessively burdensome on hospitals and other health care providers will save nearly $660 million annually, and $3.2 billion over five years, through a rule issued today by the Centers for Medicare & Medicaid services (CMS).
The EHR Incentive Programs website offers tools and resources to help eligible hospitals to successfully participate:
News Update from www.CMS.gov