Interest-free loans help physicians adopt electronic health records
Most physicians see the benefit of implementing an EMR system; they just don’t have the budget to do it. We’ve paired with OptumHealth Bank to offer physicians a unique package that combines interest-free financing, health information technology (HIT) services, and performance guarantees to help physicians integrate HIT into their practices.
How it works:
Qualifying U.S. physicians can receive an interest-free loan from Optum (underwritten by OptumHealth Bank, Member FDIC) to license and implement Optum PM and Physician EMR, a low-cost, full-functioning electronic medical record (EMR), with no out-of-pocket costs and no payments until 2011*. When the American Recovery and Reinvestment Act (ARRA) reimbursements for EMRs begin in 2011, physicians can repay the loans with annual reimbursement dollars they receive from the incentives authorized in the stimulus bill. To apply for EMR financing, please click here.
Meaningful Use:
Under the terms of the ARRA, physicians can receive up to $63,000 in Medicare reimbursements over five years for implementing an EMR and demonstrating meaningful use of the technology. We guarantee that Optum PM and Physician EMR will support the “meaningful use” requirements physicians must meet to be eligible for the maximum Medicare reimbursements allowed under the ARRA.
Read additional details in the press release.