Comments on: HIT Part of Stimulus Package, Rumor $25B http://chilmarkresearch.com/2009/01/05/hit-part-of-stimulus-package-rumor-25b/ Providing perspective on key IT trends in the healthcare sector Mon, 04 Jun 2012 23:53:02 +0000 hourly 1 http://wordpress.com/ By: John http://chilmarkresearch.com/2009/01/05/hit-part-of-stimulus-package-rumor-25b/#comment-1785 Wed, 07 Jan 2009 00:53:11 +0000 http://chilmarkresearch.com/?p=1041#comment-1785 Well Vince, that little piece of trivia slipped by me. HIMSS must be smiling @ least until we see the details.

Alex,
According to my calculations, $25B buys a hell of a lot of EMR seats. If we assume an EMR license goes for the ave price of $30K, that $25B buys us over 800K licenses. Seeing as we have ~650K practicing physicians, we’ll have more than enough to go around.

And Vendors Win,
You’re spot on, payers and vendors make out like bandits without some realignment of incentives for physicians. Then there is the whole issue of whether or not HIT will make a damn bit of difference to escalating healthcare costs. Nominal impact at best.

But it sure is sexy to say things like healthcare IT, cloud computing and SOA!

]]> By: Vendors Win http://chilmarkresearch.com/2009/01/05/hit-part-of-stimulus-package-rumor-25b/#comment-1778 Tue, 06 Jan 2009 18:31:13 +0000 http://chilmarkresearch.com/?p=1041#comment-1778 LOL.. oops sorry that was Vendors. Hard to post via an iPhone.

]]> By: Verndos Win http://chilmarkresearch.com/2009/01/05/hit-part-of-stimulus-package-rumor-25b/#comment-1777 Tue, 06 Jan 2009 18:30:10 +0000 http://chilmarkresearch.com/?p=1041#comment-1777 Huge win for vendors that don’t even share data with themselves yet. (if they all upgrade to the next version you have limited exchannge) Stanford, Kaiser and Palo Alto Medical all have the same vendor (Epic Systems of Madison privately held) and you have to print out the patients records and mail them to Stanford. (cancer patients)

25 billiion is 25,000 million so yes you can buy quite a bit of software. Using a recent quote of $50,000 per doctor you could provide software to 500,000 physicians.

Of course there are no requriments that the savings from this huge investment will accrue to either patients or the doctors. Most of the savings will go to the insurance companies. Medicare already only has a 3% overhead so the EMR vendors and insurance companies just got the biggest windfall of their life.

]]> By: Alex Burgess http://chilmarkresearch.com/2009/01/05/hit-part-of-stimulus-package-rumor-25b/#comment-1775 Tue, 06 Jan 2009 16:20:49 +0000 http://chilmarkresearch.com/?p=1041#comment-1775 $25B doesn’t buy much EMR… I suppose that will support some more HIE/RHIO/Latest Acronym around the country, but I don’t think that is enough to compel the hospitals/Priv Rights Folks to actually allow data sharing.

Hopeful sign though.

]]> By: Vince Kuraitis http://chilmarkresearch.com/2009/01/05/hit-part-of-stimulus-package-rumor-25b/#comment-1768 Tue, 06 Jan 2009 01:16:58 +0000 http://chilmarkresearch.com/?p=1041#comment-1768 ….hmmm…”$25 B” was the exact amount recommended by HIIMSS.

]]>