Xerox Helps States Collect More Than $1.7 Billion In Medicaid EHR Incentive Payments
News Release from Xerox Corp 09/03/13
Xerox (NYSE: XRX) has processed and disbursed more than $1.7 billion in federal incentives to healthcare providers who use electronic health records.
Providers apply for the incentives using a secure, web-based tool from Xerox to show that they have implemented and used EHRs under federal guidelines. Known as the State Level Registry, or SLR, the tool, one of the first of its kind, helps states track and confirm qualified applicants and reduces fraud by ensuring providers meet the threshold for incentive payments. According to its latest report, the Centers for Medicare & Medicaid Services has paid nearly $15.9 billion in electronic health record incentives since the program began.
“State Medicaid agencies have to manage the rapidly changing demands of health information technology with increasingly limited resources. This is a significant challenge,” said Brett Jakovac, senior vice president and managing director, Government Healthcare Solutions for Xerox. “We ease administrative burdens and help states make the most of their EHR investments.”
Hawaii recently signed a three-year contract for Xerox to implement the state’s SLR and serve as its Medicaid fiscal agent. The contract, which includes three one-year extension options, is valued at $54 million. Xerox also operates its SLR in eight other states, Puerto Rico and the District of Columbia. Hawaii expects to sign on about 540 providers in the program’s first year.
Xerox’s SLR serves multiple clients with a Software-as-a-Service (SaaS) cloud-computing model, so costs are allocated across all state clients. Xerox also connects with the National Level Registry to eliminate duplicate payments, and it monitors for CMS program changes to make sure states are always in compliance with required regulations like Meaningful Use.
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Since the invention of Xerography 75 years ago, the people of Xerox (NYSE: XRX) have helped businesses simplify the way work gets done. Today, we are the global leader in business process and document management, helping organizations of any size be more efficient so they can focus on their real business. Headquartered in Norwalk, Conn., more than 140,000 Xerox employees serve clients in 160 countries, providing business services, printing equipment and software for commercial and government organizations. Learn more at www.xerox.com.