Regulations regarding ePrescribing
What does this mean for you?
Medicare Incentive for Qualified eRx
According to the Medicare Improvements for Patients and Providers Act (MIPPA) of 2008, any provider who meets an annual threshold of e-prescribing patients volume will get incentive payments from Medicare which will start at 2 percent for 2009 and 2010, and then drop to 1 percent in 2011 and 2012 and subsequently fall to 0.5 percent in 2013
However, those providers who are not adopting E-prescribing, their Medicare reimbursements will decrease by 1 percent in 2012, 1.5 percent in 2013 and 2 percent in 2014 and later.
A Qualified eRx must be competent enough to performing all of the following functions.
Generate a complete active medication list
Select medications, print prescriptions, electronically transmit prescriptions, and conduct all time alerts(safety checks include: automated prompts that offer information on the drug being prescribed, potential inappropriate dose or route of administration, drug-drug interactions, allergy concerns, or warnings or cautions)
Provide information on lower-cost, therapeutically appropriate alternatives (if any)
Provide information on formulary or tiered formulary medications, patient eligibility, and authorization requirements received electronically from the patient's drug plan (if available)