Physicians unconcerned about EHR penalties

October 22, 2010

While 85% of physicians were aware of the financial incentives for implementing an electronic health record system, more than 35% did not know that they face government-assessed financial penalties for not complying.

While 85% of physicians were aware of the financial incentives for implementing an electronic health record (EHR) system, more than 35% did not know that they face government-assessed financial penalties for not complying, according to a survey of more than 500 physicians by Physicians' Reciprocal Insurers, a New York-based medical liability insurance company. The penalties are equal to a 1% reduction of the physician's annual Medicare payments per year up to 5%. However, those penalties do not seem to be having the intended effect, as more than 65% of physicians who were unaware of the financial penalties said this would not cause them to implement a system.

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