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Is there any financial incentive for complying with the HITECH Act?

April 26, 2017ACT complying financial hitech

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Is there any financial incentive for complying with the HITECH Act?

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Updated June 11, 2009. Yes! The American Recovery and Reinvestment Act (ARRA, better known as the Economic Stimulus Package) was signed into law on February 17, 2009. It contains a health information technology component, dubbed the HITECH Act. The HITECH Act appropriates $19.2 billion dollars in federal stimulus funds to accelerate the adoption of electronic medical records and the interoperability of health information technology. Interoperability simply refers to the ability of systems to interact with each other to facilitate the electronic exchange of medical records..