PCMA Study: New Stimulus Law Will Dramatically Increase E-Prescribing Adoption Rate

$22 Billion Savings from E-Prescribing Under New Law Will Pay For Modernizing the Nation’s Entire Health IT Infrastructure

 

The Pharmaceutical Care Management Association (PCMA) noted that financial incentives for physicians to adopt health information technology (HIT) included in the recent economic stimulus bill will increase the number of prescribers using electronic prescribing (e-prescribing) to more than 75 percent over the next five years, nearly double the rate of use anticipated after passage of last year’s e-prescribing legislation- according to a new study from Visante, the Pharmaceutical Care Management Association (PCMA) said in a news release.

 

The study also found that e-prescribing will help prevent 3.5 million harmful medication errors and save the federal government $22 billion in drug and medical costs over the next 10 years, which more than offsets the projected $19 billion in federal outlays to modernize the nation’s HIT infrastructure under the American Recovery and Reinvestment Act (ARRA).

 

(SOURCES: Modern Healthcare Magazine, http://modernhealthcare.com, March 2, 2009)