Sen. John Kerry (D-Mass.) has introduced legislation to make small medical practices eligible for Small Business Administration loans to cover the costs of health information technology, such as electronic medical records, according to a release from Sen. Kerry.
While federal stimulus legislation is already providing funds for physicians to transfer to EMR, those funds may not cover all expenses and won’t be available until after the systems are up and running.
Sen. Kerry’s bill, the Small Business Health Information Technology Financing Act of 2009, would cover loans for computer hardware, software and other technology for electronic health records and prescriptions.
Read Sen. Kerry’s release on loans for health information technology.
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