Company: HCTI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026218
Chunk: 40

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 40
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 at this time. We have taken steps to modify our products, services, and internal practices as necessary to facilitate
our compliance with the regulations, but there can be no assurance that we will be able to do so in a timely or complete manner. Achieving
compliance with these regulations could be costly and distract management’s attention and divert other company resources, and any
non-compliance by us could result in civil and criminal penalties.

We may not see the benefits from government
funding programs initiated to accelerate the adoption and utilization of health information technology.

While government programs have been implemented
to improve the efficiency and quality of the healthcare sector, including expenditures to stimulate business and accelerate the adoption
and utilization of healthcare technology, we may not see the anticipated benefits of such programs. Under the ARRA, the PPACA, and the
MACRA, significant government financial resources are being invested in healthcare, including financial incentives to healthcare providers
who can demonstrate meaningful use of certified EHR technology since 2011. While we expect the ARRA, the PPACA, and the MACRA to continue
to create sales opportunities over the next several years, we are unsure of the immediate or long-term impact of these government actions.

HITECH established the Medicare and Medicaid EHR
Incentive Programs to provide incentive payments for eligible professionals, hospitals, and critical access hospitals as they adopt, implement,
upgrade, or demonstrate meaningful use of certified EHR technology. HITECH, and subsequently MACRA, also authorized CMS to apply payment
adjustments, or penalties, to Medicare eligible professionals and eligible hospitals that are not meaningful users under the Medicare
EHR Incentive Program. Centers for Medicare & Medicaid Services (“CMS”).

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Although we believe that our service offerings
will meet the requirements of HITECH and MACRA to allow our clients to qualify for financial incentives and avoid financial penalties
for implementing and using our services, there can be no guaranty that our clients will achieve meaningful use (or its equivalent under
MACRA’s Merit Based Incentive Payment System, Promoting Interoperability) or actually receive such planned financial incentives
for our services. We also cannot predict the speed at which healthcare providers will adopt electronic health record systems in response
to these government incentives, whether healthcare providers will select our products and services, or whether healthcare providers will
implement an electronic health record system at all. In addition, the financial incentives associated with the meaningful use program
are tied to provider participation in Medicare and Medicaid,