Fi-Med Adds Nationwide Electronic Prescription Services for Physicians
In the rush to digitize health information and medical records, even prescriptions are making the jump from notepad to network. Soon the squinting and scrawling and folding and crumpling of the physician-pharmacist relationship will be replaced by high-speed data delivery from point-of-service, at time of service, direct to the pharmacy. (No word yet on whether electronic versions of illegible signatures will be available.)
Points of Interest
- Fi-Med adds e-prescriptions to its portfolio of medical billing and financial managment services
- New codes announced for e-prescriptions
- Physicians may be eligible for 2% year-end bonuses through Medicare
- Medicare penalties for non-electronic prescriptions will take effect in 2012
- Keep up with news on e-prescriptions at http://www.fimed.com/blog
In the rush to digitize health information and medical records, even prescriptions are making the jump from notepad to network. Soon the squinting and scrawling and folding and crumpling of the physician-pharmacist relationship will be replaced by high-speed data delivery from point-of-service, at time of service, direct to the pharmacy.
Fi-Med Management, Inc., a medical billing and financial management company headquartered in greater Milwaukee, announced this week the addition of electronic prescription services to its portfolio of client services.
The service, part of Fi-Med's Electronic Medical Records (EMR) package, gives physicians the ability to send error-free, electronic prescriptions directly from point-of-care to the pharmacy without ever lifting a pen—a critical component in the improvement of patient care and safety.
Fi-Med's e-prescription software partner, SequelMed, provides drug and benefit details and patient medication history from prior patient records, even those generated by other physicians and hospitals. Clients also have access to online drug reference guides, reporting capabilities and 24/7 electronic access to patient prescription data.
On January 1, the Centers for Medicare and Medicaid Services (CMS) released e-prescription codes, available at http://www.fimed.com/blog/2009/01/29/start-now-to-collect-e-prescribing-bonus/.
Physicians using e-prescriptions may be eligible for a 2% bonus payment at the end of 2009, provided they're paid at least 10% of total Medicare Part B reimbursement for services in the office, with the consistent reporting of these codes. That bonus will decrease beginning in 2010, and penalties in the form of reduced payments through Medicare Part B are slated to affect physicians not using electronic prescriptions by 2012.
For more information or to subscribe to news affecting physician reimbursements and related services, visit the Fi-Med blog at http://www.fimed.com/blog or call 800-318-0019.