Press Releases & Articles

January 01, 2009

E-Prescribe with SequelMed – Increase your Revenue

E-Prescribe: Increase Your Medicare Reimbursements by 2%
According to a report by the Institute of Medicine (IOM), more than 1.5 million Americans are injured every year by medication errors. In the same report, the IOM recommended that all prescriptions be written and received electronically by the year 2010. Congress passed the “Medicare Improvements for Patients & Providers Act of 2008” earlier this year and CMS adopted the “Standards for e-Prescribing under Medicare Part D” and the “Medicare Prescription Drug Program” on April 7, 2008. As such, doctors who prescribe Medicare Part D drugs electronically next year will be rewarded with additional pay. However, those incentives eventually will run out, and penalties will begin for physicians who continue to write paper prescriptions.
E-Prescribing Incentive Amounts
  Incentive Penalty
2009 2% None
2010 2% None
2011 1% None
2012 1% 1%
2013 0.5% 1.5%
Beyond None 2%
Source: The Medicare Improvements for Patients and Providers Act of 2008

E-Prescribing Incentive Fact Sheet
An E-Prescribing fact sheet published by the CMS can be viewed by clicking on the following link:
http://www.cms.hhs.gov/PQRI/Downloads/PQRIEPrescribingFactSheet.pdf

What is E-Prescription?
Medicare Part D prescription drug program defines e-prescribing as “the transmission, using electronic media, of prescription and prescription-related information between a prescriber, dispenser, pharmacy benefit manager, or health plan, either directly or through an intermediary, including and e-prescribing network. E-Prescribing includes, but is not limited to, two-way transmissions between the point of care and the dispenser. ”

Why Should I E-Prescribe?
According to a guide published by the eHealth Initiative Foundation in collaboration with AMA, AAFP, ACOP, MGMA and CIMM, e-prescribing can improve patient safety, medication compliance, prescribing accuracy and efficiency and reduce health care costs through averted adverse drug events and substitution of less expensive drug alternative. The same guide also reported that recent research by the American Medical Association found that, due to these benefits, physicians who use an e-prescribing system are significantly more satisfied with their prescribing process than physicians who continue to handwrite prescriptions. Collectively, these enhancements will lead to a higher quality health care system that will benefit everyone.
Improving patient safety and quality of care
Reducing time spent on phone calls and call-backs to pharmacies
Reducing time spent faxing prescriptions to pharmacies
Automating the prescription renewal request and authorization process
Increasing patient conveniences and medication compliance
Improving formulary adherence permits lower cost drug substitutions
Allowing greater prescriber mobility
Improving drug surveillance and recall ability

SequelMed E-Prescribing is Ready to Increase Your Revenue
Having completed its certification with SureScripts-RxHub, SequelMed® users will now be able to electronically and securely exchange new prescriptions and prescription information with pharmacies and PBMs in communities throughout all 50 states and Washington, D.C.
The connection to SureScripts-RxHub allows physicians who e-prescribe using SequelMed® to access valuable real-time pharmacy and payer information before prescriptions are written, thereby reducing errors and increasing physician effectiveness. Before a physician or provider prepares an e-prescription, eligibility and formulary information will be provided through the SequelMed® application. With patient consent, medication history can also be provided. The connection to SureScripts-RxHub also allows prescribers to send new prescriptions electronically, directly to pharmacy computers – before a patient leaves their physician’s office.

SequelMed E-Prescribing Features
Secure electronic prescribing functionality
SureScripts-RxHub certification to provide real time drug data, benefit details, formulary data, medication history across all physicians and pharmacies
Comprehensive online drug reference guide using Gold Standard’s Alchemy database for all prescription and OTC medications and supplies approved by the FDA
State-specific e-prescribing regulatory compliance
Automated patient-specific clinical information and demographics
Patient-specific Drug Utilization Review (DUR) and compliance programs for improved patient treatment outcomes through better drug utilization tracking
Robust reporting capability with the ability to customize reports
Accessibility from anywhere at anytime through our web-based solution

How do I Begin E-Prescribing with SequelMed?
For more information on how you can begin e-prescribing with SequelMed, please contact us at 800.965.2728, email at sequelmed@sequelsys.com.