GE To Offer Financing on Centricity EMR with Zero Interest until Funds Arrive in 2012
Posted Jun 15 2009 10:54pm
With the stimulus package, technology companies look to grab a big portion of the revenue with IT services, which are badly needed all over, and the competition is heating up among software companies. We are still waiting for the government standards to be solidified as well. BD
Recently, GE announced that it’s spending more than $3 billion over the next six years to “help deliver better care to more people at lower cost.” The company says it’s committing $2 billion of financing and $1 billion in related technology and content to drive healthcare information technology and health in rural and underserved areas.
As The New York Times reports this week, that figure is a little misleading. According to Steve Lohr, while GE is ear-marking $2 billion for financing of health information technology, it has committed $100 million for loans to accelerate adoption of electronic health records.
Specifically, GE says it plans to offer doctors and hospitals loans (to buy GE’s own “Centricity” electronic health records, as software orSaaS ( News - Alert )) with zero interest until those institutions begin receiving government money, typically in 2012.
To remove the technological uncertainty, G.E. is issuing a guarantee that its electronic health records will meet the government standards, regardless of the final details.”