Crain's Breaking News

Chicago Business News
ChicagoBusiness.com
  • Field Museum looks to shed 10% of staff
    (Crain's) — The Field Museum plans to cut about 50 jobs from its 547-person staff through early retirement and buyout incentives. If enough employees fail to accept the offer, the museum may move to layoffs.
  • Roger Ebert to helm new movie show
    (AP) — Film critic Roger Ebert, who lost his ability to speak and eat after cancer surgeries, said Friday that he is returning to television on a movie review show that he is producing for public television.
ARRA | Print |  E-mail

EHR Government Stimulus



The American Recovery and Reinvestment Act (ARRA) recently was authorized by the federal government to spend more than $19 Billion dollars to develop and implement EHR (electronic health records) and related security solutions.

This health information act will qualify users to receive substantial financial reimbursements if EHR solutions are aquired and implemented prior to the year 2011. Physicians can qualify for reimbursements of $44,000 - $64,000 and hospitals of $3-$11 million over a five year period starting in 2011.

Problem -

The government has yet to establish EHR standards which will determine which ehr systems will qualify for reimbursements. To further complicate the issue, users are expected to aquire and implement solutions in 2009 and 2010 to qualify for maximum credit reimbursements.

Lastly, if an EHR solution is not implemented by 2014, not only will you be unable to collect reimbursement, but you will be subject to financial penalties.