Entries Tagged 'Incentives' ↓

E-prescribing promises quick ROI, lower medication costs

One of the barriers in the swift adoption of electronic prescribing is the high switching cost associated with migrating from paper to e-format, but several studies have shown the investment is worth the potential savings in the future.

A study based on e-prescribing in Massachusetts found that doctors who used e-prescribing systems could save $0.70 per patient per month, which translates to $845,000 annually per 100,000 insured patients filling prescriptions.

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Incentive payments for e-prescribers

In its bid to entice more providers to shift to electronic prescribing, the Centers for Medicare and Medicaid Services (CMS) has started this year incentive payments of up to 2 percent to physicians and other eligible professionals who use the technology

2009

2010

2011

2012

2013

Beyond

Incentive

2%

2%

1%

1%

0.5%

None

Penalty

None

None

None

1%

1.5%

2%

For 2009, to be a “successful e-prescriber,” eligible professionals must report the e-prescribing quality measure through their Medicare Part B claims on at least 50 percent of applicable cases during the reporting year.

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