Financing the IT Investment

Next to facilities construction and maintenance, health IT is among the largest infrastructure investments the healthcare provider will make. Financing that investment may be done in a variety of ways such as borrowing, leasing, outsourcing or other legal arrangement. In addition, the meaningful use incentive program has offered substantial financial rewards to providers who implement EHR systems and report the "meaningful use" they are making of those systems in improving quality. This has spurred a significant expansion of healthcare IT, and so it will be of value for the professional in healthcare to understand the financing mechanisms that make this expansion possible.