December 19, 2008
More Physicians Switching to E-Prescribing
It is reported that the number of physicians in the U.S. who have adopted electronic prescribing technology may have doubled to more than 70,000 this year, up from 35,000 in December 2007.The number of paperless prescriptions also has been increasing at a rate of 15% per month since August, compared with the 5% to 8% rate increase seen earlier in the year.
It is believed that the growing shift to e-prescriptions might be attributed to a new Medicare rule scheduled to take effect in January 2009 that will offer a 2% payment bonus to physicians who use e-prescribing. According to the AP/Globe, about 10% of U.S. physicians use e-prescribing but "the movement is gaining steam as Medicare warns that its bonus payments are for a short time only." Physicians who still use paper prescriptions after 2012 will face Medicare payment cuts.
It is estimated that the additional $1,000 to $1,500 that physicians could receive through the Medicare incentive might help alleviate the cost burden of adopting an e-prescribing program, which can cost $3,000 per physician. A nationwide e-prescribing network also could generate as much as $156 million in savings over five years, according to HHS Secretary Mike Leavitt. E-prescribing also would help minimize the risk and alert pharmacists of potential adverse drug events, as well as reduce waiting time for patients, the AP/Globe reports.
Sources:
Boston Globe
Kaiser Daily Health Policy Report