Count Tee Green among the seemingly small group of CEOs who support the federal government’s economic stimulus plan.
Of course, there’s good reason. Government money helped put his business — electronic health records — on steroids.
To be fair, Green’s Carrollton-based company, Greenway Medical Technologies, would be growing anyway. More doctors’ offices, clinics and hospitals are stepping into the 21st century when it comes to paper vs. electronic recordkeeping.
The stimulus, however, has made the transition a no-brainer. The government is providing $50 billion over five years for the medical profession to go electronic, which will improve efficiency, accuracy and speed, as well as reduce costs.
That adds up to $44,000 per eligible Medicare provider — considerably more than the $12,500 his firm charges a doctor for the software, Green said. There are, however, related costs incurred by the provider than can average another $15,000 to $20,000.