Health Information Technology Gets $19 Billion Boost, Comparative Effectiveness Research Gets $1 Billion

The new economic stimulus bill is an example of the priority and urgency the new Congress and Obama Administration gives to reforming the health care system. As part of the stimulus package, signed into law by President Obama, $19 billion is now dedicated to transforming the patient record to an electronic format and adopting standards, to be developed by Jan 1, 2010.

Practitioners will receive incentives to use

Heath Information Technology (HIT) standards that must be developed by Jan. 1, 2010.
Physicians and other practitioners will be eligible for up to $64,000 in incentive payments over several years for the meaningful use of an electronic medical record for patients. By 2015 all physicians will be required to use electronic records in their practice. Hospitals will also be eligible for $1-9 million in incentives for meaningful EHR adoption. This stimulus package is expected to create new opportunities for entrepreneurs to provide technology and services to healthcare practitioners and organizations. It will also focus on developing the health IT workforce that institutions like OHSU are already doing, creating new career opportunities in this area.

TIE Oregon has partnered with OHSU and lined up a great panel of healthcare industry professionals and entrepreneurs who have pioneered the development and use of Electronic Health Records, who will provide insights into this industry and how entrepreneurs can capitalize on this opportunity.

If you are looking to get into this field this is your opportunity to network and learn!