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Article: Legislation causes boom in health care tech market; Companies leading the switch to digital medical records are poised to prosper.(News)
- Article from:
- Investment News
- Article date:
- November 2, 2009
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jeff Benjamin
In whatever way Congress and the Obama administration eventually change the national health care system, there is one segment of the health care market where reform has already begun and is gaining momentum.
The category, known as health care information technology, consists of companies dealing with the conversion of paper medical records to a digital format.
While digitization of medical records has been going on for years, the movement got a boost in February with the passage of the Health Information Technology for Economic and Clinical Health Act. The HITECH Act provides funding in the form of grants and incentive ...