Crain's Breaking News

ChicagoBusiness.com Breaking News
The latest news from Crain's Chicago Business
  • Obama taps Boeing's McNerney to be co-leader of Export Council
    (AP) — President Barack Obama named Boeing Co. CEO James McNerney to lead a trade panel as the president seeks to put some detail behind his lofty drive to double U.S. exports over the next five years, calling the effort imperative to putting people back to work. Obama re-established the ...
  • Three charged with making $1 million in false work comp claims
    (Crain’s) — A physician, a chiropractor and a medical biller from a suburban clinic were indicted Thursday on federal fraud charges for allegedly submitting more than $1 million in false workers-compensation claims, U.S. Attorney Patrick Fitzgerald announced. Chiropractor Darwin Minnis, 54, ...
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.