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Electronic Medical Record Subsidies

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Presentation on theme: "Electronic Medical Record Subsidies"— Presentation transcript:

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, Stimulus People 65 and over Anyone with Kidney failure or long term Kidney Disease Permanently Disabled and Cannot work $44, 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 Disadvantages Benefits
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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