Doctors who spent heavily trying to comply with ObamaCare’s electronic health records mandate could still be hit with costly penalties.
ObamaCare gives doctors until October 1, 2014, to switch from paper-based to electronic health records. Failure to comply results in losing 1 percent of federal reimbursements for treating Medicare patients.
Here’s the rub.
“[P]hysicians who went electronic for the first time this year are discovering that [the Centers for Medicare and Medicaid Services, or CMS] won’t be ready to officially register the evidence of their work until mid-October. That means they will miss the Oct. 1 deadline, and CMS will withhold 1 percent of their 2015 Medicare payments,” reports Politico.
That means that a doctors’ group like Morganton Eye Physicians…[more]
In economics, they call it the principal-agent problem. When someone else is entrusted with carrying out a task for you – say an employee, a financial advisor, or even a doctor – how do you get him to act in your best interest rather than his?
The more complicated the responsibility, the more difficult it is to monitor the behavior. In a small workplace, for instance, it’s generally not that hard. If an employee isn’t discharging their duty, discipline him. If the behavior continues, you can fire him. What if it’s a company with multiple locations, however, and only…
"The United States, joined by five Arab allies, launched an intense campaign of airstrikes, bombings and cruise-missile attacks against the Islamic State and another militant group in Syria Monday night – marking the first U.S. military intervention in Syria since the start of that country’s civil war in 2011. U.S. Central Command (Centcom) said in a statement released early Tuesday…[more]