Home > Markets > Healthcare HITECH Act   HITECH Overview Xlcon's Role? Summary of Benefits Incentive Payment Schedule Frequently Asked Questions   Overview On February 17, 2009, President Barack Obama signed into law the American Recovery & Reinvestment Act. The health IT component of the Bill is the HITECH Act, which appropriates a net $19.5 billion dollars to encourage healthcare organizations to adopt and effectively utilize Electronic Health Records (EHR) and establish health information exchange networks at a regional level, all while ensuring that the systems deployed protect and safeguard the critical patient data at the core of the system. The opportunity presented by the Bill is enormous. After literally decades of slow but steady progress towards converting our paper-based record system into an electronic one, we now stand poised for a monumental leap forward. The Congressional Budget Office predicts 90% of physicians and 70% of hospitals will be using a comprehensive, robust Electronic Health Record over the next few years. As a result, the country will save billions of dollars on the provision of healthcare, and our citizens will receive coordinated, informed care from their entire network of providers. Xlcon's Role Xlcon has been assisting physicians push towards a 'paperless' environment for over 5 years. We have extensive experience in ensuring that EHR solutions are implemented smoothly and help produce a quick ROI to the practice. As more details of the HITECH Act are released, Xlcon will be partnering with our customers to ensure they are following the necessary requirements to receive their maximum benefit available. Summary of Benefits • $19.2 billion in Physician incentives. • Physicians can earn up to $44,000 over 5 years. • 70% of funding comes in first two years. • Early adopters will be presented with the greatest achievement of incentive dollars Incentive Payment Schedule Frequently Asked Questions Do I qualify if I already have EHR? Absolutely- early adopters will be presented with the easiest achievement of incentive dollars. Should I act now? Yes, to qualify you must show 'meaningful use' prior to 2012. What is 'meaningful use? The requirements of meaningful use are- the utilization of a certified EHR product, interoperability, and outcome reporting abilities. What EHR products have been certified? Certification has yet to begin, however, higher-end products such as GE Centricity and Allscripts are sure to be certified. Who should I partner with to make sure I maximize my benefit? Xlcon - 602-237-5571 To view the bill in its entirety, please click here

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