Novus Origo Releases New White Paper Highlighting the Incentives for Modernizing the Medical Office
New White Paper reports on the HITECH Act Road Map for Healthcare and the associated incentives to Modernize Medical Offices.
San Diego, CA, October 15, 2009 --(PR.com)-- The HITECH Act portion of the American Recovery and Reinvestment Act is changing Healthcare as we know it today. Healthcare organizations receiving Medicare and/or Medicaid funds will be awarded incentives or be significantly penalized based upon how quickly they adopt an Electronic Healthcare Record system. Immediate but prudent action must be taken by Healthcare organizations that do not wish to incur penalties. This white paper defines the Act, guidelines, potential incentives and penalties, questions to ask vendors, and advice on a roadmap to success. This is according to a new white paper recently released by Novus Origo, a Project Management, Outsourcing Consulting, and Vendor Relationship Management Company, entitled “Incentives for Modernizing the Medical Office.”
Researched and compiled by Novus Origo’s Senior Vice President of Operations, Olen Pepple, the white paper is based on the Novus Origo team’s research and extensive experience in the areas of Program & Project Management in the Healthcare industry. “It’s a new age in Healthcare; regulations are changing at a breakneck speed in regards to the requirements for Electronic Health Records” says Pepple.
The white paper focuses on some of the key incentives and benefits tied to the new “Health Information Technology for Economic and Clinical Health Act” or HITECH Act, such as; HITECH Act Stimulus incentives between $44,000 - $66,000 for physicians that adopt a certified EHR, Software Tax deductions ranging up to $275,000, and bonus payments of 2% on Medicare Part B charges.
The white paper also identifies some of the penalties that may be levied on medical offices that are not in compliance with the requirements of the Act. “The industry average for implementation time is one to three years and penalties start setting in, if meaningful use is not demonstrated and certification is not achieved by 2015” says Pepple. “The later the start, the less of the amount of potential stimulus received and the greater the potential penalty paid.”
“An investment in a certified Electronic Health Record (EHR) system can pay for itself through increasing revenues and reducing administrative costs. Add to that, the incentives and benefits created by the HITECH Act and your decision not to delay becomes even clearer” says Paul Cevolani, Novus Origo’s CEO. “A lot of Hospitals and physicians are asking the question…When should we implement an EHR System? For most, the answer is "right now", while the incentives are available.”
A free copy of the white paper and an EHR Implementation Road Map can be downloaded from the Novus Origo Knowledge Center on their corporate website: www.NovusOrigo.com.
About Novus Origo
Novus Origo specializes in Management Consulting, Outsourcing Consulting, and Vendor Relationship Management, with a focus in Information Technology, Human Resources Technology, Human Resources Processes, and Electronic Health Record Systems. Novus Origo leverages a wealth of proven industry experience to help clients define and achieve their overall strategic business goals by reducing costs, improving operational efficiencies, and ultimately positioning them to focus on what they do best, their core business. We know what it takes to be successful and our experience proves it.
For further information about Novus Origo please call (760) 438-4354, visit www.NovusOrigo.com or email: info@NovusOrigo.com
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Researched and compiled by Novus Origo’s Senior Vice President of Operations, Olen Pepple, the white paper is based on the Novus Origo team’s research and extensive experience in the areas of Program & Project Management in the Healthcare industry. “It’s a new age in Healthcare; regulations are changing at a breakneck speed in regards to the requirements for Electronic Health Records” says Pepple.
The white paper focuses on some of the key incentives and benefits tied to the new “Health Information Technology for Economic and Clinical Health Act” or HITECH Act, such as; HITECH Act Stimulus incentives between $44,000 - $66,000 for physicians that adopt a certified EHR, Software Tax deductions ranging up to $275,000, and bonus payments of 2% on Medicare Part B charges.
The white paper also identifies some of the penalties that may be levied on medical offices that are not in compliance with the requirements of the Act. “The industry average for implementation time is one to three years and penalties start setting in, if meaningful use is not demonstrated and certification is not achieved by 2015” says Pepple. “The later the start, the less of the amount of potential stimulus received and the greater the potential penalty paid.”
“An investment in a certified Electronic Health Record (EHR) system can pay for itself through increasing revenues and reducing administrative costs. Add to that, the incentives and benefits created by the HITECH Act and your decision not to delay becomes even clearer” says Paul Cevolani, Novus Origo’s CEO. “A lot of Hospitals and physicians are asking the question…When should we implement an EHR System? For most, the answer is "right now", while the incentives are available.”
A free copy of the white paper and an EHR Implementation Road Map can be downloaded from the Novus Origo Knowledge Center on their corporate website: www.NovusOrigo.com.
About Novus Origo
Novus Origo specializes in Management Consulting, Outsourcing Consulting, and Vendor Relationship Management, with a focus in Information Technology, Human Resources Technology, Human Resources Processes, and Electronic Health Record Systems. Novus Origo leverages a wealth of proven industry experience to help clients define and achieve their overall strategic business goals by reducing costs, improving operational efficiencies, and ultimately positioning them to focus on what they do best, their core business. We know what it takes to be successful and our experience proves it.
For further information about Novus Origo please call (760) 438-4354, visit www.NovusOrigo.com or email: info@NovusOrigo.com
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Novus Origo, LLC
Alison Gross
760.438.4354
www.NovusOrigo.com
Alison Gross
760.438.4354
www.NovusOrigo.com
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