The American Recovery and Reinvestment Act

In today’s society, the accuracy of health information, the availability of health records, and the professional resources in which one live are vital in decision making for health conditions. Meaningful Use (MU) is a program developed by CMS Medicare and Medicaid that awards, incentives in the health care industry in which the certified electronic health records (EHRs) are used to improve patient care (Practice Fusion, 2016). These incentives are for professionals that care for about 30% of their adult patient volume or 20% of their children’s volume for Medicare and Medicaid patients (CMS, 2016). In addition, adjusting from paper charts to electronic charts of patient’s information is beneficial for MU. Furthermore, the American

In 2008, the world experienced a tremendous financial crisis which rooted from the U.S housing market; moreover, it is considered by many economists as one of the worst recession since the Great Depression in 1930s. After posing a huge effect on the U.S economy, the financial crisis expanded to Europe and the rest of the world. It brought governments down, ruined economies, crumble financial corporations and impoverish individual lives. For example, the financial crisis has resulted in the collapse of massive financial institutions such as Fannie Mae, Freddie Mac, Lehman Brother and AIG. These collapses not only influence own countries but also international area. Hence, the intervention of governments by changing and

A less successful program was called the National Recovery Act (NRA). The NRA established a minimum wage, set working hours, and attempted to regulate prices. The act invested the President with vast authority to intervene in the market economy. One example was power to regulate aspects of interstate commerce, a power that the Constitution invests in Congress. The act was voluntary to business and riddled with bureaucracy.

The American Recovery and Reinvestment Act (ARRA) of 2009 identified three main components of meaningful use: the use of a certified EHR in a meaningful manner, electronic exchange of health information to improve quality of care, and the use of technology to submit clinical outcomes and quality measures (Heath Resources and Service Administration, n.d.). ARRA includes many measures to modernize our nation’s infrastructure, with the “Health Information Technology for Economic and Clinical Health (HITECH) Act” being an example. The HITECH Act is an effort led by Centers for Medicare and Medicare Services (CMS) in support of electronic health records and meaningful use (Centers for Disease Control and Prevention, CDC 2016). According to Galbraith (2013), the HITECH Act aims to promote the use of EHRs by providing over $27 billion in monetary incentives for health care providers that become “meaningful users”. CMS uses these core objectives to determine if a health care provider has satisfied meaningful use and is eligible to receive financial incentives (Galbraith, 2013).

Under the provisions of the American Recovery and Reinvestment Act of 2009 (ARRA, or the Stimulus Act”), certain eligible providers are eligible for financial incentives for following and documenting “meaningful use” of a certified electronic medical record system. According to the HRSA, “in July 2010, the Centers of Medicare & Medicaid Services (CMS) published a final rule which established three phases of the EHR Incentive Program. The three stages of Meaningful Use are designed to support eligible professionals and hospitals with implementing and using EHRs in a meaningful way to help improve the quality and safety of the nation’s healthcare system.” The end point here is not that having an electronic medical record will allow for a

In 2009, more than $30 billion dollars in incentives was allocated by congress for hospitals to institute meaningful use of electronic health records (EHRs) by 2011 (Adler-Milstein, Bates, & Jha, 2011) (Murphy, 2010). The Meaningful Use Act is a complicated principle that is part of the American Recovery and Reinvestment Act (ARRA) as well as the Health Information Technology for Economic and Clinical Health (HITECH) act.

The legislation of the ARRA contains on its own a wide range of accountability provisions, that include the conception of a disclosure website that came to be recognized as Recovery.gov. This was the doing of both the Obama Administration and the Congress. Proactively, numerous advocacy groups outside the government were pressing maximum openness to stimulus spending.

The American Recovery and Reinvestment Act of 2009, otherwise known as the Stimulus Bill, was one of the first major pieces of legislation passed by the new Democratic Congress in 2009 and signed by newly inaugurated President Barack Obama. The legislation was an attempt to take the United States economy out of a major recession through federal spending. The motivation for this bill was the collapse of the housing market bubble and the mortgage crisis. A result of these problems was the decline of consumer and corporate credit, causing monetary liquidity in the economy. Obama argued that the economy needed a “jump-start” to get moving again; that being the stimulus of 2009. Drafts for the bill called for as little as $275 billion in spending,

For over 10 years, all areas of industry have been investing in informational technology (IT). IT offers faster and more proficient care especially for the healthcare industry. Health information technology (HIT) is making significant changes in how care is being delivered and addressed for patients and healthcare workers. HIT includes electronic health records (EHR), personal health records (PHI), electronic prescribing and more. The potential list is endless. HIT provides for more accurate and efficient documentation, prescriptions, and education. The Obama administration came up with an answer to help in HIT by instituting the meaningful use. This paper will discuss the overview of meaningful use, its’ core criteria, and recommendations for additional criteria.

The American Recovery and Reinvestment Act signed into law in 2009, includes the Health Information Technology for Economic and Clinical Health Act known as the HITECH Act. The act defined specific requirements for receiving financial incentives for ‘meaningful use’ of the electronic health record (EHR). Hospitals and providers could begin implementation of the requirements in 2011 to receive the incentives by meeting specific objectives, after 2015 failure to meet meaningful use requirements will result in penalties. Meaningful use is divided into 3 stages and each stage has objectives and requirements specific to that stage. Hospitals and providers must meet requirements for Stage 1 of meaningful use for two years before

Congress passed the American Recovery and Reinvestment Act on February 17, 2009. President Obama signed the act into law four days later. The law directed about $150 billion in new funds to the healthcare industry. It included $87 million for Medicaid, $24.7 billion to subsidize private health insurance for people who lose or have lost their jobs, $19.2 billion for health information technology, and $10 billion for the National Institutes of Health (NIH). The act also provided $650 million to support preventive medicine and wellness activities targeting health issues such as; obesity, smoking, and other risk factors for chronic diseases as well as $500 million for health professions training programs. This legislation has helped stimulate the

The main goal for the Act consisted of maintaining and building jobs right away. The next goal was to offer momentary release plans for those who are the most affected by the depression and invest in organization, schooling, and health. The expected price of the Act was around $780 billion. It was adjusted to around $830 billion, between the time of 2009 and 2019. Within the act, it incorporated spending in organization, schooling, and health. “States were rescued from this crisis by the American Recovery and Reinvestment Act (ARRA), a package passed by Congress that was designed to stimulate the economy with targeted tax cuts, job creation and government investments” (Smith & Greenblatt, 2016, p. 90).

2008 was the year that the US economy faced its largest challenge since the Great Depression. In fact, the

In 2009, American Recovery and Reinvestment Act (ARRA) was passed into law as a stimulus package in efforts to reverse the financial recession in the United States. Part of the legislation included, the Health Information Technology for Economic and Clinical Health (HITECH) Act that incentivized hospitals and physician practices to adopt certified electronic health records (EHR) and to encourage the use of health care technology in a meaningful way (Falk, 2014). The ultimate goal of HITECH and Meaningful Use (MU) is to create a national healthcare infrastructure that is connected, develop systems to warehouse and share data, and in turn improve care and efficiencies for patients and providers (Blumenthal & Tavenner, 2010). The raid adoption

The Global Financial Crisis or 2008 financial crisis is considered by many economists to have been the worst financial crisis since the Great Depression of the 1930s. It resulted in the threat of total collapse of large financial institutions, the bailout of banks by national governments, and downturns in stock markets around the world.