Ingenix (Subsidiary of United Healthcare) To Offer Interest Free Loans for Their EHR System - CareTracker
Posted Jan 07 2010 10:05am
This is interesting as one of the most profitable entities of United Healthcare is making the loan available, and in past posts it has been noted that United makes more revenue from Ingenix than it does selling policies. Ingenix is perhaps not as well known for their EHR as they are with the out of network lawsuits from one of their other divisions and they make a lot of money buying and selling our medication records too. It may make you wonder if you are perhaps insured by an insurance or technology company, or pose the question.
With all the money they make it appears that is the least they can do with doctors and hospitals struggling to survive in many areas of the US. There are also many other EHR vendors who are not financed or part of an insurance company that can help as well. Also worth noting is the anti fraud division of Ingenix that “scores” medical claims and the link below tells a story of several dermatology offices and their perils with non payment as the business intelligence arm detected potential fraud and all 20 offices within 5 days stopped receiving payment, another item tied up in legal proceeding.
All in all the company is diverse and has interests and holdings in many areas of healthcare outside of medical records to be aware of. Recently in the news the State of Washington contracted with the company to “score” Medicaid claims and Sutter hospitals also is using their services to again score and use business intelligence algorithms to look at cost. BD
Minneapolis-based health insurance giant UnitedHealth Group told the Tribune this week that it will offer interest-free loans to small doctor practices that adopt Ingenix CareTracker, a Web-based medical record system. Chicago-based Allscripts- Misys Healthcare Solutions Inc. said it is offering a six-month, no-payment program for qualifying purchasers of its electronic health records software. Under terms of the federal legislation, physicians can receive more than $40,000 in Medicare payments over five years beginning in 2011 for implementing an electronic health record system. The Obama administration last week announced it was seeking public comment on new regulations officials say "lay a foundation for improving quality, efficiency and safety through meaningful use of certified electronic health record technology."