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Don't Miss these Critical Practice Deadlines in 2014
Posted on: 1/24/2014

The new year is off and running so here's your "check list" of important dates that doctors should have on their radar:

  • Many of your patients who purchased the new health insurance via the marketplace became covered on Jan. 1, 2014. It's anticipated many more will similarly gain coverage through Illinois' Medicaid expansion, which, due to an influx of recent applicants, will be retroactive for 90 days until the state can catch up. Check out ISMS' webpage for more information. Some of your patients might still need to sign up for insurance and may ask you for guidance. Stay one step ahead by printing out several copies of this handy ISMS patient education flyer.
  • To qualify for a bonus for the Physician Quality Reporting System (PQRS), physicians must meet the reporting deadline of Feb. 28, 2014, by submitting performance data to Medicare through an EHR system submission vendor or qualified registry. (Physicians who submit data through a qualified registry have until the end of March 2014.) Physicians who do not participate in PQRS will be subject to a 1.5 percent reduction in Medicare allowable charges in 2015. For all the details, see the ISMS' Issue Brief on PQRS.
  • Stage 2 of the meaningful use incentive program began on Jan. 1, 2014, for all eligible physicians for Medicare and Medicaid. Physicians are required to demonstrate meaningful use for a 90-day reporting period by Oct. 1, 2014, regardless of their stage of meaningful use to avoid a penalty in 2015. Those who meet 2014 Stage 2 requirements will receive an incentive payment in 2015. Stage 1 meaningful use participants must continue to meet their meaningful use requirements or they will be subject to a penalty in 2015. This includes successfully reporting on CORE and MENU measures applicable to 2014 Stage 2 meaningful use for a 90-day reporting period.
  • Physicians must be in compliance with ICD-10-CM by Oct. 1, 2014. This means that while you will not use ICD-10-CM prior to October 1, 2014, your electronic health record and practice management systems must be upgraded to ICD-10 by the mandatory use date to avoid claims payment delays. The number of ICD codes will increase by more than five times under the new code set. To gain a better understanding about the key differences between ICD-9-CM and ICD-10-CM, check out ISMS' latest Issue Brief: A Look Ahead: Considerations for Adopting, Implementing and Using ICD-10-CM, our ICD-10 webpage and this short video summarizing what to expect in the first stages of adoption and implementation.

Questions? Call your ISMS Advocacy Team at 800-782-4767 ext. 1470 or send an email.

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