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EHR Adoption By Physicians Will Receive Assistance From Kerry Bill
by MichaelYoung on Feb 10, 2011
Physicians who are adopting electronic health records (EHR) systems recently received the promise of help from government subsidies that will be paid out in increments over five years, beginning in 2011. The incentives are quite substantial, giving physicians who are eligible up to $44,000 from Medicare or $64,000 from Medicaid if they have enough Medicaid business. However, to receive the government subsidies, physicians must make a significant investment of their own money or borrow money through a loan.
Many physicians are having a difficult time getting loans from banks who are tightening their terms for borrowers since the credit crunch began. To make it easier for physicians to purchase EHR systems, Senator John Kerry (D-Mass.) has proposed legislation that will allow small businesses to get loans backed by the Small Business Administration (SBA). According to a press release issued by Sen. Kerry’s office, the money SBA provides to practices can be used for...Read More >>
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