Bill Seeks to Provide SBA Loans to Solo & Group Practices

Recent legislation introduced in the U.S. House intends to provision $10 billion in loans to help solo and small group practices acquire technology that supports meaningful use requirements under the federal economic stimulus package. The big debate in the industry is what constitutes “meaningful use”.

The loans can be used for the installation and acquisition of software, hardware and related technologies that will:

Enhance the continuity of care

Enhance quality measurement reporting

Improve evidence-based decision support

Enhance patient or consumer empowerment

Providers are not eligible for loans for acquiring applications whose entire use is for management of scheduling, fiscal, or basic supply inventory.