) proclaimed that it leads the healthcare industry in Meaningful
Use Stage 2 attestations. The company has revealed that its clients
comprise 59.2% of the total providers in the U.S. who have
successfully attested to Stage 2 of the Meaningful Use electronic
health record (EHR) incentive program as of May 31, 2014.
The Centers for Medicare and Medicaid Services' (CMS) recently
published a full list of EHR products used for attestation.
According to the publication, 287 of the 485 eligible providers who
have attested for Stage 2 of Meaningful Use employ the company's
Best in KLAS ranked service - athenaClinicals.
athenahealth's Meaningful Use Success
athenahealth, a cloud-based services provider for EHR, practice
management and care coordination, delivered an 85% successful
attestation rate for 2011 Medicare Meaningful Use Stage 1, Year 1.
Building on the success of its 2011 attestation rate, 96% of the
company's participating providers successfully attested for 2012
Medicare Meaningful Use Stage 1, Year 1. Furthermore, in 2013,
athenahealth led the industry in Meaningful Use Stage 1
attestations, with 95.4% of its participating providers attesting
Advancing to Meaningful Use Stage 2, athenahealth introduced the
same across its nation-wide cloud based network in Oct 2013.
Currently, athenahealth is the only EHR vendor to publicly track
its clients' Meaningful Use performance and offer a Meaningful Use
Guarantee for successful attestations.
The Meaningful Use guarantee offered by athenahealth ensures that
eligible physicians receive their Medicare Meaningful Use incentive
payments upon successful attestations.
Meaningful Use: Decoded
Meaningful Use is a Medicare and Medicaid program introduced by the
U.S. Government that awards incentives to caregivers who adopt and
implement the certified EHR technology to improve patient care. The
program is executed in a phased approach over a series of 3 stages
with increasing requirements for participation.
Stage 1 promotes basic EHR adoption and data gathering. Stage 2
emphasizes on care coordination and exchange of patient
information. Stage 3, which is currently under development by the
Office of the National Coordinator for Health IT (ONC), ultimately
aims at improving healthcare outcomes.
The Meaningful Use Program is currently affected by several delays
and loosened requirements. It has been largely influenced by
several software vendors who failed to upgrade their EHR products,
receive certification or adequately support their health care
Recently, a proposal was forwarded by CMS and ONC to the Health IT
Policy Committee to ease attestation requirements and delay the
program's overall timeline. ONC intends to make the program more
flexible and less focused on providers meeting a specific set of
clinical quality measurements.
The ultimate objective is to ensure that Meaningful Use is
seamlessly integrated into the workflow of as many healthcare
providers in order to ensure superior quality care for patients
across the U.S.
Currently, athenahealth carries a Zacks Rank #4 (Sell).
Better-ranked stocks in the medical products industry include
ICU Medical, Inc.
). All these stocks carry a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research?
Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report
ATHENAHEALTH IN (ATHN): Free Stock Analysis
NEUROMETRIX INC (NURO): Free Stock Analysis
CARDICA INC (CRDC): Free Stock Analysis Report
ICU MEDICAL INC (ICUI): Free Stock Analysis
To read this article on Zacks.com click here.