Providers who do NOT achieve the HITECH meaningful use standards by 2015 and in subsequent years will face penalties that consist of:
A. reductions in the rate of Medicare reimbursement.
B. reductions in the rate of Medicaid reimbursement.
C. annual fines until they are in compliance.
D. all of the above.
Question 2
Healthcare providers who achieve the standards of each HITECH stage by a designated date are eligible for:
A. free license renewals as long as they remain in practice.
B. Medicare incentive payments.
C. Medicaid incentive payments.
D. Medicare and Medicaid incentive payments.
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What rate, compounded once every 3 years, is equivalent to 9% effective rate?