What was anticipated as being a booming year for health IT relative to electronic medical records has somewhat hit a stall, at least for now due to economic conditions.  We probably won’t know more until the new administration takes office and can go from there. 

Right now there are many hospitals struggling for their survival, much less have enough capital for the expenditure required to convert from paper to a paperless charting and business intelligence system.  Related Reading below has additional details.  BD 

Health care information technology stocks slid Tuesday after a Leerink Swann analyst said the electronic medical records portion of President-elect Barack Obama's economic stimulus package will not help the sector right away.

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In afternoon trading, AthenaHealth shares fell 81 cents, or 2.3 percent, to $35.04, while Cerner stock fell $2.09, or 5.3 percent, to $37.25 and Quality Systems shares gave up $2.46, or 5.8 percent, to $39.66. Shares of Allscripts-Misys lost 73 cents, or 7.3 percent, to $9.26.

Sector Snap: Health care IT falls on funding delay - Forbes.com

Related Reading:

University of Connecticut Health Center asks Legislature to Approve Merger With Hartford Hospital

Desperate Hospitals – Updated November 21, 2008
Hospitals Put Patients' Debt Up for Auction
Tenet Takes A Hit – Even After selling several hospitals this year
Eight Southern California hospitals sue Kaiser

Anaheim General Hospital loses accreditation – Orange County, CA

Judge Rules on Balance Billing in California – Physicians not be able to balance bill

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