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Electronic Medical Record Subsidies

Electronic Medical Record Subsidies. By Kyle Bain United Medical LLC. Electronic Medical Records. Government and Hospital Subsidies Pros and Cons Potential Issues. Changing the Behavior. Electronic Medical Records. Government and Hospital Subsidies Pros and Cons Potential Issues.

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Electronic Medical Record Subsidies

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  1. Electronic Medical Record Subsidies By Kyle Bain United Medical LLC

  2. Electronic Medical Records • Government and Hospital Subsidies • Pros and Cons • Potential Issues Changing the Behavior

  3. Electronic Medical Records • Government and Hospital Subsidies • Pros and Cons • Potential Issues Changing the Behavior

  4. Government Stimulus Medicaid Medicare • Low Income • Pregnant Women • Children under 19 • People 65 and over • Blind, Disabled, Nursing Home Care • $63,750.00 Stimulus • People 65 and over • Anyone with Kidney failure or long term Kidney Disease • Permanently Disabled and Cannot work • $44,000.00 Stimulus Changing the Behavior

  5. Hospital Subsidies • Helps Practices pay for a Large Percentage of the implementation cost. • Example: 85% Hospital Subsidy up to $10,000 • $9,000 initial fee • $1,000 monthly fee • Hospital Pays $8,500.00 • Practice Pays $1,500.00 Changing the Behavior

  6. Electronic Medical Records • Government and Hospital Subsidies • Pros and Cons • Potential Issues Changing the Behavior

  7. Pros and Cons Benefits Disadvantages • Jump start for Smaller Practices who lack capital • Promotes Implementation of Technology • Promotes Well Established and Top Tier EMR Companies • WE are paying w/ our tax dollars • Alternative Solutions are not Considered • Ex. Nutrition • Hospitals Opportunity Costs • Additional Building, Staff, Devices Changing the Behavior

  8. Electronic Medical Records • Government and Hospital Subsidies • Pros and Cons • Potential Issues Changing the Behavior

  9. Potential Issues • Tax all, yet Benefits Wealthy Professionals • Government has more Power • Database Management and Analytics • “Picking Winners” • Responsibility of the EMR Company • Unfair Competitive Advantage • Exponential Growth Rate • Government Opportunity Cost • Over $850 Million spent as of Oct. Changing the Behavior

  10. Questions?

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