Do I need to bill Medicare at least $25,000 to qualify for the stimulus program?
No. Under Medicare, you are eligible for up to $44,000 from the HITECH Act Stimulus Program. Medicare payments will be calculated by taking 75% of your total submitted allowable charges; there is no minimum requirement. Although, if you want to qualify for the full $18,000 in 2011 (which is the cap), your total allowable charges will need to be $24,000.
If your submitted allowable charges are $8,000, your 2011 Medicare incentive will be (8,000 x 0.75) $6,000.
Calculate your 2011 Medicare stimulus payment using the formula below:
Total Allowable Charges x 0.75 = Your 2011 Stimulus Payment
Greg, Account Executive
Tuesday, June 09, 2009
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