Medical Mastermind now ONC-ATCB certified for Meaningful Use

Medical Mastermind Practice Management Software
Certified for Meaningful Use

Software Unlimited, Inc.’s premier offering, Medical Mastermind Practice Management, has received the federal government’s “meaningful use” stamp of approval by earning EHR Module Certification.

The designation officially deems the software capable of enabling providers to qualify for funding under the American Recovery and Reinvestment Act (ARRA).

Tested and certified under the Drummond Group’s Electronic Health Records Office of the National Coordinator Authorized Testing and Certification Body (ONC-ATCB) program, the software is 2011/2012 compliant in accordance with the criteria adopted by the Secretary of Health and Human Services.

“This certification is critical for our physicians to achieve meaningful use by helping meet key ONC criteria” says James R. Milligan, CEO of Software Unlimited, Inc. “This means our Healthcare providers can be secure in using Medical Mastermind as part of the solution to meeting full EMR attestation.  In combination with our certified EMR offering, our customers can be assured of receiving ARRA reimbursements after attesting to Meaningful Use.”

Medical Mastermind is certified for privacy and security criteria, which supports HIPAA, as well as a number of other ambulatory criteria such as smoking status and demographic information.

The Medical Mastermind Practice Management software qualifies as an “EHR Module” for compliance certification. This EHR Module is 2011/2012 compliant and has been certified by an ONC-ATCB in accordance with the applicable certification criteria adopted by the Secretary of Health and Human Services. This certification does not represent an endorsement by the U.S. Department of Health and Human Services or guarantee the receipt of incentive payments.

Software Unlimited, Inc., Certified on March 8, 2012, Medical Mastermind version 15.12, ID: 03082012-1490-5, CQMs: 170.302 G, O-U, 170.304 C; Additional software used: TrueCrypt.

About Drummond Group
Drummond Group Inc., the trusted software test lab, provides effective and efficient electronic health record (EHR) testing to healthcare information technology vendors and hospitals. As an Office of the National Coordinator Authorized Testing and Certification Body (ONC-ATCB), Drummond Group works closely with healthcare software vendors and hospitals to certify EHRs that are looking to qualify for incentive funds under the American Recovery and Reinvestment Act (ARRA).  Drummond Group is approved to certify both complete and modular EHR for both ambulatory and inpatient.  Leveraging more than a decade’s worth of interoperability, conformance testing and certification experience in multiple industries, Drummond Group delivers what’s needed in healthcare: highly reliable and readily affordable software testing services. For more information, go to http://www.drummondgroup.com.

New update to Medical Mastermind

Version 15.12.55 is now available and downloadable from our web site. Go to Client Login and log in to access the new version.

Download the documentation as well: 1512.doc.

For assistance with your update, contact support at (410) 602-9250, or support@suimd.com.

Use Leasing to Help You Meet Meaningful Use

Today, leasing is a $200 Billion + industry annually. Eight out of 10 American companies rely on leasing to acquire assets.

The ability to leverage purchasing power and take advantage of tax deductions makes leasing a viable option for physicians looking to invest in an EMR and qualify for reimbursement money under the ARRA stimulus program, or any other business improvement need.

Rather than borrow from your credit lines or liquidate investments, consider the benefits of leasing equipment or financing software and move sooner rather than later toward where your practice needs to be.

Consider this scenario: Your EMR will cost $15,000. Once implemented, your practice stands to receive $18,000 in stimulus money in the first year of use.

Meaningful Use criteria for year one attestation requires 90 days of EMR use, meaning your EMR must be operational no later than October 1st, 2012.

Allowing for implementation time of up to 90 days, you need to act sooner rather than later to make the deadline this year.

So, rather than invest $15,000 cash up front, with just one up-front monthly payment, a lease might look something like this:

Equipment/Software Cost: $15,000.00
1st year tax savings*: $2,625.00
Cost of new equipment/software: $12,375.00 (after tax savings*)

Select your preferred payment and term: 

*Consult with your tax adviser.

Lisa Hartley, Vice President of Univest Capital, explains that “Most of our customers lease for one or more of these reasons.  In addition, for applications of $100,000 or less, no financial information is required by our firm.”

Reason 1: CASH FLOW MANAGEMENT
Why outlay cash that you might need for something else? Financing lets you match revenue with expenses through a lease/purchase.

Reason 2: LOW MONTHLY PAYMENTS
With a financing program, payments stay the same no matter what happens to inflation over the life of your lease. Plans can be customized to meet your monthly budget so there are no surprises.

Reason 3: LEVERAGED PURCHASING POWER
Many companies make the mistake of thinking they should only acquire the equipment they can afford at a particular time. This leads to cutting corners in quality or not getting what you really need for long-term growth. By evaluating your true equipment needs, leasing will provide an effective vehicle to secure exactly what will help your business today, tomorrow and in the future.

Reason 4: PRESERVE CREDIT LINES
Quick access to leasing lets you leave your existing bank credit lines alone, making it available for potential short-term needs like marketing, payroll, inventory and supplies.

Reason 5: CONVENIENT 100% FINANCING
It is not unusual for a customer to bundle project costs into a lease. This means you can take the software you need financed, and then add any hardware, maintenance, training, installation, even the shipping, all into one payment plan. You may even finance the sales tax.

Reason 6: TAX ADVANTAGES
Some leases allow customers to treat monthly payments as a fully deductible operating expense. Your tax advisor can best help determine your eligibility for this tax benefit. Section 179 of the IRS tax code illustrates an example of this advantage.

Univest approves leases in just hours. For more information on leasing, contact Lisa Hartley at Univest Capital, Inc., 866-604-8160 ext. 127.