Health IT Companies' Stocks Soar as Stimulus Funds Drive EMR Adoption

Federal stimulus money for healthcare technology has helped increase 11 health IT companies' stocks 82 percent, according to a USA Today report.

USA Today, in collaboration with technology consulting firm International Data Corp., analyzed the stocks of companies that received funding for technology under the stimulus plan. They found healthcare software companies' value is greater than the amount spent so far in the five-year electronic medical record incentive program costing up to $30 billion, according to the report. They estimated the value of companies like McKesson, Cerner and Athenahealth increased at least $20 billion since the stimulus bill was proposed. 

For instance, they found Cerner, the largest manufacturer of electronic medical records software, saw its stocks rise 194 percent since Jan. 2009. EMR company Allscripts Healthcare Solutions' stocks have risen 134 percent.

Related Articles on Health IT and Market Growth:

EMR Market Projected to Surpass $8.3B by 2016
Health IT Companies Raise $207M in Venture Capital in 3Q

Wireless Patient Monitoring Devices Are Fastest Growing Medical Devices in Revenue Earned

Copyright © 2023 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars