IQMax Supports Healthcare Technology Incentives in Stimulus Bill

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IQMax is pleased to support the healthcare technology incentive program of the American Recovery and Reinvestment Act of 2009, which for the first time provides financial incentives to physicians who adopt and use Electronic Health Record technology (EHR) to improve both the quality and cost- effectiveness of patient care.

IQMax is pleased to support the healthcare technology incentive program of the American Recovery and Reinvestment Act of 2009, which for the first time provides financial incentives to physicians who adopt and use Electronic Health Record technology (EHR) to improve both the quality and cost- effectiveness of patient care. Numerous studies demonstrate that effective use of Electronic Health Records reduces medical errors, improves clinical quality and leads to better patient outcomes by enabling real-time access to patient records, medical information and best practices, and electronic connectivity among all healthcare stakeholders.

The law provides $20 billion in health information technology funding. The total includes $2 billion in discretionary funds and $18 billion for investments and incentives through Medicare and Medicaid to ensure widespread adoption and use of interoperable healthcare IT systems such as the Electronic Health Record. Physicians who have not adopted certified Electronic Health Record systems by 2014 will have their Medicare reimbursements reduced by up to 3 percent beginning in 2015. With the stimulus, the Centers for Medicare and Medicaid Services (CMS) will pay physicians between $44,000 and $64,000 over five years, beginning in 2011, for deploying and using a certified Electronic Health Record to care for patients.

IQMax is an integral part of supporting the Electronic Health Record. Its healthcare platform allows physicians, nurses and other caregivers, to stay connected to patient and clinical information at the point of care on their Smartphone or mobile device, in any care setting, ensuring that caregivers are always connected to the most recent, up to date information to support their patient care decisions.

"We applaud Congress and President Obama for taking bold steps to drive the adoption of healthcare technologies that will lower costs throughout the healthcare system and improve patient care. Electronic Health Records are a critical component of modernizing our healthcare system and enabling the exchange of information across the healthcare continuum. IQMax is pleased to be part of the healthcare technology revolution", said Paul Adkison, Founder and CEO of IQMax.

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Michael Wilson
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