eRx, Physician Quality Reporting System (PQRS) And Its BenefitsPosted by mgsionline on September 19th, 2013 The Centers for Medicare and Medicaid Services (CMS) has come up with several incentive programs like Physician Quality Reporting System, Electronic Health Record (EHR) incentive program and Electronic Prescribing (eRx) incentive program to promote better physician practice management. Eligible Professionals (EP) who serve Medicare patients by participating in such quality initiatives get to enjoy higher reimbursements. They have the liberty to participate in PQRS incentive program while taking part in the eRx incentive program. However, EPs cannot earn incentives under the EHR incentive program and eRx incentive program at the same time. Let’s take a look at the benefits of participating in the eRx and PQRS incentive program: eRx – An overview: eRx refers to the electronic way of prescribing medicines to patients. Proposed in the year 2009, the eRx incentive program aimed at offering incentives to EPs who produced great results. Initially, they enjoyed a 2% incentive with 0% penalty charges. However in 2012, CMS introduced penalty charges for those EPs who failed to eRx properly. eRx and PQRS 2013: In the present year (2013), CMS has introduced several changes to eRx and PQRS incentive programs. They are as follows,
Benefits: By participating and performing extremely well in the eRx program, EPs can be successful in the PQRS program as well. Some benefits are as follows,
Implementing the eRx incentive program and more such quality initiatives will require ample time. Healthcare Providers and Facilities simply cannot compromise on their administrative functions including medical billing processes by devoting most of their time in implementing CMS incentive programs. In that scenario, outsourcing a part of provider’s billing functions to a reliable medical billing company can be a prudent choice. Look no further than http://www.mgsionline.com ! About MGSI: For outstanding medical billing and collection services, partner with MGSI, a renowned medical billing company in the US. With more than 20 years of experience in the domain, this Florida-based company has been serving the needs of its clients across the US with benchmarks that are better than the industry average. For more details, log on to http://www.mgsionline.com
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