Revenue Ruling 179 Makes Electronic Medical Records More Tax Appealing

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Medical offices have a few more weeks to take advantage of Revenue Ruling 179.

What the Revenue Ruling 179 does for small medical businesses is make it more lucrative and affordable to get into EMR now before the rush we’ll see in 2011.

While businesses are wrapping up purchases for the end of the year, many may make additional capital asset purchases, thanks to the extension of Revenue Ruling 179. The Obama administration has created the Small Business Jobs Act, allowing businesses to purchase software, hardware or physical property and qualify for up to $500,000 in depreciation expense for this tax year.

This is a boon for medical offices and health facilities who are now required to comply with government regulations by implementing electronic medical records in their offices by 2011, as purchasing EMR systems in December can help them realize tax benefits. Companies like Acentec, which specializes in electronic medical records, expect to see a scramble at year’s end while companies take advantage of the benefits to taxable income.

“What the Revenue Ruling 179 does for small medical businesses is make it more lucrative and affordable to get into EMR now before the rush we’ll see in 2011,” said Jeff Mongelli, CEO of Irvine, CA based Acentec Inc., “We want to ensure companies know that they are eligible to receive these depreciation benefits now.”

If your medical facility wants to take advantage of Revenue Ruling 179 and upgrade to electronic health records before 2011, visit Acentec’s website to get started.

About Acentec Inc.
Acentec Inc. is a leading national provider of fully integrated Electronic Health Records. We offer turn-key solutions engineered to maximize a physician’s ROI. The products have been built around MedInformatix’s 25 years of medical practice workflow expertise. Our product is designed on a single database using Microsoft SQL. Whether the installation is a single physician who went live in 1994, a national Cardiology practice, or one of 15 other specialties we service, we accommodate their needs.

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Kathy Monge
Acentec
949.474.7774
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