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According to industry research only 12% of medical practices with five or fewer full time employees reported having functional electronic medical record systems. Overall, including larger practices, about 18% are using electronic medical records. Although that figure has remained almost unchanged since 2001, 34% of practices surveyed said that they planned to implement EMR / Electronic Medical Records within the next two years. First Star Capital has developed a program to help with the acquisition, adoption, and implementation of EMR / Electronic Medical Records.
With widespread adoption of EMR / Electronic Medical Records and other health information technology, there could be savings of $162B per year through improving the way medical care is managed, reducing preventable medical errors, lowering death rates from chronic disease and reducing employee sick days. This is based on a computer model that assumes widespread effective and interconnected use of electronic medical records in a study by the non-profit Rand Corp published in Health Affairs.
The primary barriers to EMR / Electronic Medical Records adoption identified by this study are high initial acquisition and implementation costs, slow and uncertain financial payoffs for healthcare providers and disruptive effects on physician practices during implementation. An EMR equipment lease from First Star Capital mitigates all of these obstacles. EMR / Electronic Medical Records equipment financing from First Star Capital will allow any medical practice to bridge the digital divide sooner than later.
First Star Capital routinely finances EMR / Electronic Medical Record equipment nationally. We have funded equipment purchases from some of the top manufacturers and local distributors in the industry. This industry experience makes our EMR / Electronic Medical Record equipment finance and EMR equipment lease programs comprehensive, our terms flexible and our rates competitive. First Star Capital is regularly chosen as the preferred source for EMR / Electronic Medical Record equipment financing nationwide.
Our clients are small private medical practices and large national health care organizations alike. First Star Capital has the ability to service EMR / Electronic Medical Record equipment finance needs large and small and do so with an absence of the bureaucratic red tape that has become commonplace in the banking and finance industries. This refreshing change of pace is what makes our new clients become our old clients.
By using First Star Capital for EMR / Electronic Medical Record equipment financing or EMR equipment leasing your company will stabilize cash flow and increase working capital while preserving lines of credit. EMR / Electronic Medical Record equipment leasing through First Star Capital can also provide substantial tax benefits and line item deductions which will reduce year end tax liabilities.
First Star Capital has designed a special program specifically for medical professionals. We will offer "application only" approvals up to $200,000 for established private practices, clinics and hospitals as well as up to $75,000 for newly licensed professionals.
This special EMR / Electronic Medical Record equipment finance program is available to all licensed medical and dental professionals including but not limited to:
- Internists (Board Certified & Non Board Certified)
- Cardiovascular Surgeons
- Cardiologists
- Dermatologists
- Family Practitioners
- General Surgeons
- General Practitioners
- Neurosurgeons
- OB/GYN's
- Ophthalmologists
- Optometrists
- Opticians
- Orthopedic Surgeons
- Oral Surgeons
- Pediatricians
- Dentists
- Periodontists
- Plastic Surgeons
- Radiologists
- Pathologists
- Urologists
- Nephrologists
- Gastroenterologists
- Oncologists
- Proctologists
- Maxiofacialists
- Otolaryngologists
- Osteopaths
- Physical Therapists
- Podiatrists
- Pharmacists
- "ologists" of all types
- Endodontists
- Orthodontists
- Prosthodontists
First Star Capital is currently offering our EMR / Electronic Medical Records equipment finance program for the following types of EMR / Electronic Medical Records equipment:
- Pain Management EMR / Electronic Medical Records software & equipment
- Cardiology EMR / Electronic Medical Records software & equipment
- Dermatology EMR / Electronic Medical Records software & equipment
- Emergency Medicine EMR / Electronic Medical Records software & equipment
- Family Practice EMR / Electronic Medical Records software & equipment
- Gastroenterology EMR / Electronic Medical Records software & equipment
- Immunology/Allergy EMR / Electronic Medical Records software & equipment
- Neurology EMR / Electronic Medical Records software & equipment
- OB/GYN EMR / Electronic Medical Records software & equipment
- Ophthalmology EMR / Electronic Medical Records software & equipment
- Orthopedic EMR / Electronic Medical Records software & equipment
- Pain Management EMR / Electronic Medical Records software & equipment
- Pediatric EMR / Electronic Medical Records software & equipment
- Physical Therapy EMR / Electronic Medical Records software & equipment
- Plastic Surgery EMR / Electronic Medical Records software & equipment
- Podiatry EMR / Electronic Medical Records software & equipment
- Psychiatry / Behavioral Health EMR / Electronic Medical Records software & equipment
- Pulmonology EMR / Electronic Medical Records software & equipment
- Rheumatology EMR / Electronic Medical Records software & equipment
- Surgery EMR / Electronic Medical Records software & equipment
- Urology EMR / Electronic Medical Records software & equipment
The EMR / Electronic Medical Records equipment finance - EMR / Electronic Medical Records equipment lease program from First Star Capital is regularly used to acquire EMR / Electronic Medical Records software and equipment from some of the industry’s best known suppliers such as:
- EClinicalWorks
- Medical Communication Systems
- Greenway Medical
- Practice Partners (PMSI)
- Medcom Soft
- e-Mds
- A4 Health Systems
- digiChart
- BizMatics
- EMR Experts
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