Cost barriers drop thanks to the federal and state initiatives
"To improve the quality of our health care while lowering its costs, we will make the immediate investments necessary to ensure that, within five years, all of America’s medical records are computerized."
-- President Obama, January 8, 2009
On February 17, 2009, the American Recovery and Reinvestment Act —ARRA was signed by President Obama. ARRA contains the Health Information Technology for Economic and Clinical Health Act, known as the HITECH Act. Initial reports announce that the HITECH Act includes $19.2 billion to improve healthcare IT and stimulate the economy. This includes $2 billion for infrastructure and $17.2 billion for incentives through Medicare and Medicaid.
While stimulus funds are important financial supports in your transition to an EHR, they're not the only options. When all costs are included, EHR implementation can easily cost $30,000 per physician; this is a major investment. Therefore, insurance companies offer financial incentives to physicians adopting EHRs and a number of local banks have crafted programs specifically design to make EHRs affordable for physicians.
-
Learn what your EHR needs to qualify for
Stimulus Fundsmore -
Discover the local payment options available through
RI Insurer Fundsmore -
There are numerous options when it comes to
Paying for Itmore -
There are a number of financing packages available from
Local Bank Programs for EHRsmore