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Stimulus Funds For Electronic Medical Record Systems

BY Jonathan Bick
June 29, 2009

One of the newer ideas for reducing medical errors is to have medical providers use electronic medical record keeping methods. However, the single greatest inhibitor to taking advantage of technology is the requirement for an initial investment and, in the medical records technology area, this could be significant. The federal government has recently offered a solution to this difficulty in the form of public funding. Software vendors and hospitals may be able to help physician groups get access to stimulus funds.

A New Incentive

For decades, hospitals and other medical service providers have been enticed by the prospect of establishing electronic health record systems to improve the efficiency of their medical care. Automating the health record process has the potential to provide a host of benefits, most notably by reducing medical errors. For example, as many as 98,000 Americans each year are prescribed medications to which they are allergic. Electronic medical record systems could significantly reduce this number. A much-cited 2005 Rand Corp. study of the use of medical record automation found that a savings of $77 billion annually could be realized. However, it is widely believed that the cost of implementing electronic health records systems is responsible for low adoption rates

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