I was recently introduced to the magic of “Electronic Prescriptions” or “E-Prescribing” — or “E-Rx” if you prefer the funky — when I last visited my doctor for a 90-day refill of Benicar for $50.00USD:
Although e-prescribing is technically regarded “optional,” you could face payment penalties starting in 2012 if you are capable of participating and decided not to do so in 2011. This is as per a Dec. 13 PQRI National Provider Call sponsored by CMS.
Between 2012 and 2014, the payment adjustment will start for practices that are unsuccessful e-prescribers. Eligible professionals who don’t e-prescribe in 2011 could collect one percent less than the Medicare Physician Fee Schedule amount in 2012, and that pay cut will go up to 1.5 percent in 2013 and two percent in 2014, said CMS’s Daniel Green, MD, during the call.