The healthcare industry has always lagged behind the rest of Corporate America in regard to information technology. However, the Obama administration has devised its own remedy to make this sector a healthy contender in the ongoing race.
Under The American Recovery and Reinvestment Act of 2009—signed into law by President Obama last February—the government has instituted a $19 billion plan to hasten the adoption of electronic health records (EHRs) in hospitals and doctors' offices. Fueled by incentive bonuses, the ambitious plan has sparked bold predictions of a troubled fate for small physician practices as consolidation becomes more frequent.
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