![]() Healthcare Management Systems, based in Nashville, offers a range of EMR and financial management solutions, including HMS Patient Care Documentation, to regional and community hospitals of 250 beds or less.Lavender & Wyatt Systems, Inc., based in Little Rock, Ark., offers its Essentia solution to behavioral health providers and has signed several new clients over the past nine months through IBM-financed contracts.Siemens Healthcare, based in Malvern, Pa., will work with IBM to push its line of EMR products and financial applications, including Soarian, the INVISION Clinicals Health Information System and computerized physician order entry (CPOE), and Siemens Health Solutions MedSeries4.Tuesday’s announcement is significant because it covers a wide range of healthcare vendors: ![]() “We want to make sure that liquidity isn’t the one thing that stops hospitals.” “We’re willing to leverage our balance sheet to get this done,” he added. And now it’s no longer just an IT decision – the CFO has become critical in getting projects approved.” “There is a need for EMRs, but oftentimes it’s pushed off by other concerns. “Providers realize they have to get on board and they’re not going to build it themselves,” he said. And vendors want to see the EMR market improve at a time when big-ticket items aren’t that popular. Providers want to make sure whatever technology they install improves clinical outcomes and meets the federal government’s push for improved healthcare through IT. Technology financing helps speed up implementation in a more cost effective manner.”Īccording to Dicks, both providers and EMR vendors are looking for help. Many are waiting for government funding working its way through the system, but need the benefits of the technology today. It’s a chicken and egg scenario facing medical providers. “Costs have today become a non-technological barrier to health IT adoption. “Customers of electronic healthcare records solutions soon realize that while health IT technology is necessary, it’s also expensive,” said Richard Dicks, IBM Global Financing’s general manager for North America, in a press release issued Tuesday morning. The deals are designed to allow the four developers of electronic medical record systems to offer their provider clients low-rate private financing to adopt EMRs.īy pushing IT systems into hospitals and other providers now, IBM sees providers installing their systems and fully testing them ahead of the 2011 deadline for “meaningful use” of healthcare IT – which in turn makes the providers eligible for $21 billion in incentive funding under the HITECH provision of the American Recovery and Reinvestment Act of 2009 (ARRA). IBM Global Financing, the lending and leasing business segment of Armonk, N.Y.-based IBM, has announced financing agreements with Siemens Healthcare, Lavender & Wyatt Systems, Healthcare Management Systems and Soft Computer. IBM’s financing arm has announced partnerships with four healthcare IT vendors in an effort to push electronic health records to providers ahead of the government’s incentive program.
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