Billions of dollars have been set aside for the migration of medical records to digital form, and the big software vendors are scrambling to collect their piece of the pie.
Under the stimulus act enacted by the government in February, hospitals can apply for several million dollars to implement tech programs over the next five years, and individual physicians can get up to $44,000. If powerful monetary incentives are not enough, the payment is offset by a penalty for medical businesses that fail to comply by 2015; they will receive a cut in Medicare reimbursement. It’s easy to imagine scenarios where electronic record keeping would prevent mistakes and provide convenience. [continue reading…]
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