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Economic Stimulus Update

On February 17, 2009, President Barack Obama signed into law the American Recovery and Re-investment Act. The opportunity the HITECH provision presents is tremendous. Over $19.5 billion dollars of government capital will be invested in accelerating the rate at which physicians adopt Electronic Health Records while ensuring that the systems deployed protect and safeguard the privacy of critical patient data. The Congressional Budget Office predicts 90% of physicians and 70% of hospitals will be using a comprehensive, robust Electronic Health Record over the next few years. As a result, the country will save billions of dollars on the provision of healthcare, and our citizens will receive coordinated, informed care from their entire network of providers. Payments begin in 2011 to ensure providers have time to optimize their care delivery as they plan to achieve meaningful use and qualify for government incentives.