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GE Launches Program to Doctors, Hospitals to Accelerate EMR Adoption; First $100 Million of healthymagination Commitment
Date:6/15/2009

Offers Healthcare Providers Interest-free Funding for Immediate Access to Electronic Medical Records, Commits to Stimulus Warranty

Electronic Medical Records Can Help Improve Patient Outcomes, Reduce Medical Errors and Costs

FAIRFIELD, Conn., June 15 /PRNewswire-FirstCall/ -- GE (NYSE: GE) today announced, as part of its healthymagination initiative to increase access to technology and reduce cost, the launch of a new program, Stimulus Simplicity, which offers doctors and hospitals an easier path to electronic medical records (EMR) adoption. This program is a joint offering of GE Healthcare and GE Capital and contains two core elements - a commitment to ensure the EMRs are certified (a precursor to federal stimulus reimbursement eligibility) and an interest-free loan with deferred payments. The program addresses some of the biggest barriers to EMR adoption faced by healthcare providers, uncertainty around future standards and interim funding to cover the capital investment.

GE's Stimulus Simplicity program helps physician offices and hospitals that invest in GE's electronic medical records (EMR) products, GE Centricity(R) EMR and Centricity Enterprise solutions, maximize the potential benefits of the increased focus on EMR under President Obama's stimulus funding bill. The financing enables healthcare providers to accelerate adoption of EMRs and further their efforts to reduce cost and improve patient care through greater access to valuable information at the point of care. GE's financial services business, GE Capital, will provide the financing with GE Healthcare providing its EMR product certification warranty.

The Hazard Clinic, in the Appalachian region of Eastern Kentucky, is among the first to qualify for the interest-free opportunity and will use the loan to purchase the Centricity EMR solu
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SOURCE GE Healthcare
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