Electronic Medical Record Incentive Payments

October 28, 2010

The American Academy of Family Physicians recently reported that the federal incentive funds physicians receive for the implementation of Electronic Medical Record will be taxed as regular income, thus diminishing its impact. 

 

Many EHR vendors are pricing their products just at or under the $44,000 incentive threshold as a sales strategy, marketing their product as "practically free".   Depending on the income tax bracket, the net value of the incentive rebate could be reduced as much as $16,700 to only $27,300, an important consideration for those budgeting for a transition to electronic records.  

 

Click here to read the full article.

 

One of our strengths at MedFocus is helping clients stay current and compliant with the many changes in medical coding, medical billing and revenue cycle management today.

Contact us to find out more about how we can help you run your practice more easily and maximize your financial success.

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