E-Prescribe with SequelMed – Increase your Revenue

E-Prescribe: Increase Your Medicare Reimbursements by 2%

N/A (January 01, 2009) – According to a report by the Institute of Medicine (IOM), more than 1.5 million Americans are injured every year by medication errors. In the same report, the IOM recommended that all prescriptions be written and received electronically by the year 2010. Congress passed the “Medicare Improvements for Patients & Providers Act of 2008” earlier this year and CMS adopted the “Standards for e-Prescribing under Medicare Part D” and the “Medicare Prescription Drug Program” on April 7, 2008. As such, doctors who prescribe Medicare Part D drugs electronically next year will be rewarded with additional pay. However, those incentives eventually will run out, and penalties will begin for physicians who continue to write paper prescriptions.
E-Prescribing Incentive Amounts
Incentive Penalty
2009 2% None
2010 2% None
2011 1% None
2012 1% 1%
2013 0.5% 1.5%
Beyond None 2%
Source: The Medicare Improvements for Patients and Providers Act of 2008

Source: Sequel Systems