October 28, 2010

The Ever Shrinking EHR Incentive?

Filed under: EHR Incentive,Meaningful Use — HankMayers @ 11:36 am

Mary Pat Whaley’s blog reminded me that I learned about 1 month ago that the EHR Incentive is TAXABLE income to the practice! Yes, my practitioner friends, you can’t keep all the money! And, as most folks understand, the federal EHR incentive only partially covers what an individual practitioner will likley spend to implement an EHR. So this is ‘insult to injury.’

By all appearances, this was not intentional. For the incentive to have been not taxable, it was necessary for Congress to have included in the HITECH Act a specific provision that would have declared the incentive exempt of taxation. Ok, so it was not intentional. But, somebody at ONC and on Capitol Hill needs to get moving to make this incentive exempt.

I deliver seminars on HIT Adoption to physicians, and I can tell you 1st hand that this oversight is seriously impairing interest in the incentive by very small practices.

Comments anyone?

1 Comment »

  1. After reading their deiniitfon it looked to me like a loose framework of things yet to be decided. Expecting a lot more meat to be added to this down the road. Meaningful use to be defined in 3 stages, with stages 2 and 3 yet to come. Would love a breakout from the legaleze into a digestible format.

    Comment by Rasha — November 16, 2014 @ 11:02 am

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