Obama’s $787 billion economic stimulus package had a serious impact on the stock value of EMR software vendors and other healthcare technology companies, says a new report from USA Today.
According to the report created in a collaborative effort by USA today and International Data Corp., a health technology consulting firm, a significant amount of the stimulus package allocated for technology spending was put towards EMR software implementation. The beneficiaries of these funds, such as EMR vendor, have had marked improvements in companies and stock values since receiving the money.
“The clearest connection between the stimulus and the economy might be in health care software,” reads the report from USA Today. Cerner, an EMR vendor who boasts the largest share of the market has received $100 million so far from the stimulus which was in turn increased their stock value 194% since January of 2009.
However, Cerner was not the only EMR vendo to benefit. All Scripts Healthcare solutions has seen an 134% increase in their stock shares and Athenahealth has also doubled as well.
“The stimulus has helped spark an 82% gain in the stocks of 11 health care technology companies since President Obama took office,“ said Tim Mullaney from USA Today.
An additional benefit from the stimulus money is not just the boom in the health IT economy, but the safety and efficiency that comes along with the implementation of EMR software. According to Jeff Townsend, the chief of staff at Cerner, their company expansion has allowed many more doctors to implement EMR software into their practices.


