Allscripts and Eclipsys, two major providers of electronic health records and other healthcare IT, announced plans to merge and create a universal EHR, according to a release from both companies.
The companies said the merger would help clients qualify for $30 billion in federal funding for hospitals and physicians who adopt of electronic health records. The EHR funds were earmarked in the stimulus bill, the American Recovery and Reinvestment Act, and begin in 2011.
The companies cited a Congressional Budget Office report predicting EHR adoption by physician practices would grow from 12 percent to 90 percent by 2019.
The merger is worth $1.3 billion in stocks. The combined companies' client base includes more than 180,000 physicians, 1,500 hospitals and almost 10,000 nursing homes, hospices, home care and other post-acute organizations.
Read the release on the Allscripts and Eclipsys merger.
Read the following Becker's articles on EHR implementation.
"6 Statistics on EMR Use by Office-Based Physicians"
"27 Senators Urge CMS to Revise 'Meaningful Use' Definition and Requirements"
The companies said the merger would help clients qualify for $30 billion in federal funding for hospitals and physicians who adopt of electronic health records. The EHR funds were earmarked in the stimulus bill, the American Recovery and Reinvestment Act, and begin in 2011.
The companies cited a Congressional Budget Office report predicting EHR adoption by physician practices would grow from 12 percent to 90 percent by 2019.
The merger is worth $1.3 billion in stocks. The combined companies' client base includes more than 180,000 physicians, 1,500 hospitals and almost 10,000 nursing homes, hospices, home care and other post-acute organizations.
Read the release on the Allscripts and Eclipsys merger.
Read the following Becker's articles on EHR implementation.
"6 Statistics on EMR Use by Office-Based Physicians"
"27 Senators Urge CMS to Revise 'Meaningful Use' Definition and Requirements"