Whether we like it or not (I FOR ONE DON'T LIKE IT), our world is monving toward P4P. I'll be the 1st to say P4P is the next generation scam by the insurance companies. HOWEVER.....
In Maine, many of our commercial carriers have already implemented it. I'm losing money every year (past 2 years) for not having an EMR. Now this year, I hope to change that. They want data base managing, such as tracking our diabetics and their A1C's/ACE's, asthmatics and their use of inhalded steroids, etc.
Medicare has a test program which I HOPE you are all aware of. P4P is being implemented in Medicare. Currently it is not mandatory. Currently in order to comply with Medicare P4P, it's a major pain in the rear-end on the claim submission end. And I have not yet started.
In light of the Medicare mandated 10% (that's right, TEN%) cuts coming forth this Summer, P4P could make or break some of us. I hope Congress delays the cuts again. But w/ very delay in cuts, the percentage gets larger and larger for the following years cut.
I support P4P capabilities in an EMR. I hope AC can help us in this regard....ultimately it means we make more money. In an era of decreasing reimbursements and increasing overhead, I am looking for any source of improved income.
