"Even though the current Obama administration is aggressively pursuing full compliance of electronic transmissions in all healthcare within five years, it's highly unlikely that it will occur. First, HIPAA has been trying to accomplish this since 1996. Then, we have to look at the small physician landscape and the data shows that 91 percent of small medical practices in the United States are not using electronic filing procedures where it pertains to diagnosis, prescriptions and insurance billing," he stressed. "The data also shows that it could cost anywhere from $25,000 to $40,000 per doctor to make the transition from paper to electronic, and could take up to four to six months. Is there a stimulus reimbursement available for physicians? Yes, but there are stipulations and guidelines by Medicare and Medicaid and [it] will take as long as five to seven years for doctors to recoup any part of it."
- Companies:
- Flesh Company, The
- TFP Data Systems
- People:
- Gerling
- Jim Magdaleno
- Obama
- Places:
- Oxnard, California
- St. Louis