G.E. offers $2 billion in loans for e-health record purchases - Bits Blog - NYTimes.com
June 15, 2009
G.E. Capital has mostly been a headache for its parent company, General Electric, since the financial crisis hit last fall. But on Monday, the finance arm will be putting its muscle behind G.E.’s health care unit as it tries to grab a hefty slice of the market for electronic health records, a prime target for economic stimulus spending by the Obama administration.
G.E. is announcing that it will offer doctors and hospitals loans that are will carry no interest until the institutions begin receiving goverment money, typically in 2012. The loans, of course, will be to buy GE’s Centricity electronic health records — either as conventional personal-computer software or as a Web-based offering...
G.E. Capital has mostly been a headache for its parent company, General Electric, since the financial crisis hit last fall. But on Monday, the finance arm will be putting its muscle behind G.E.’s health care unit as it tries to grab a hefty slice of the market for electronic health records, a prime target for economic stimulus spending by the Obama administration.
G.E. is announcing that it will offer doctors and hospitals loans that are will carry no interest until the institutions begin receiving goverment money, typically in 2012. The loans, of course, will be to buy GE’s Centricity electronic health records — either as conventional personal-computer software or as a Web-based offering...
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