Half of Hospital CIOs Say Stimulus Funding is Crucial for Adopting Electronic Health Records

2017-07-27T00:01:13+00:00 August 21st, 2009|Uncategorized|

PwC Analysis On the Impact of Health IT Stimulus Funding Finds Future Penalties May Be Bigger Motivator Than Short-term Incentives to Invest in Health IT

Federal stimulus incentives for doctors and hospitals to implement interoperable electronic health records (EHRs) will not nearly compensate them for the overall costs they will incur, but future penalties from reduced Medicare reimbursement could be a bigger motivator, according to an analysis published today by the PricewaterhouseCoopers LLP (PwC) Health Research Institute.

In its paper entitled “Rock and a Hard Place: An Analysis of the $36 Billion Impact From Health IT Stimulus Funding,” PricewaterhouseCoopers says that capital-constrained healthcare organizations are struggling to find the necessary funding to purchase EHR systems at a time when they are being asked to cut information technology costs.
In a March 2009 survey of 100 hospital chief information officers (CIOs), PwC found: (more…)