Keywords

electronic health records, finances, payers

 

Authors

  1. Noblin, Alice M. PhD, RHIA
  2. Cortelyou-Ward, Kendall PhD
  3. Liu, Darren PhD

Abstract

Electronic health records are important technology for health care with promises of streamlining and improving care. However, physicians have been slow to adopt the technology usually because of financial constraints. Third-party payers, including Medicare and Medicaid, are coming forward with solutions and funding. While payers have the most to gain in terms of cost savings, they have been slow to provide a solution to the financial dilemmas posed by the new technology. This article details some governance tools that are frequently used to alleviate the financial concerns. Grants, loans, and tax expenditures are some of the options available to physicians to purchase electronic health records and other types of health care information technology.