A couple of months ago I did a blog explaining Meaningful Use (MU) and what MU means to GVMH in terms of incentive dollars. GVMH should realize around $4.5 million in incentive payments over the next four years if we successfully achieve MU criteria. What’s more important than the incentive dollars are the potential benefits to patient safety and improved outcomes of care.
MU deals with our information systems and our ability to develop our electronic medical record in a way that it serves our needs, the needs of our providers, the needs of our patients and meets specific governmental mandates.
I attended a Missouri Hospital Association meeting with a couple of our Board Members last week and MU was a hot topic of discussion because hospitals across the state are doing everything they can to comply with the federal government mandate. As I said earlier there is financial incentive to comply but just as important, those organizations that do not comply will have their reimbursement reduced. As I stated before, the financial consequence is not nearly as important as the patient safety and outcome benefit that can be gained through MU.
This topic is extremely important and tomorrow I plan to post a blog that details what we, GVMH, need to do to be successful in our implementation of MU and how our understanding of physician needs and partnering with physicians will make or break us.