Recently, IBM announced that its lending arm, IBM Global Financing, has entered into new financing agreements with four leading electronic healthcare records (EHR) providers, highlighting the growing need for private financing for health IT and the pressing challenges hospitals and medical practices face to adopt health IT solutions.
Siemens Healthcare, Lavender & Wyatt Systems, Inc., Healthcare Management Systems and SCC Soft Computer are joining the growing ranks of EHR providers that are leveraging IBM Global Financing for its competitive-rate financing for their client-hospitals, labs and medical practices. According to IBM press statement currently, IBM Global Financing is working with some 40% of the top vendors of acute care EHR systems.
According to IT analyst firm Ovum, with the addition of Siemens Healthcare, Lavender and Wyatt and Healthcare Management Systems, IBM Global Financing has strengthened its already leading position as financier to health IT vendors in the marketplace. Also Ovum expects more health IT companies to add financing to their go-to-market strategies since it helps customers manage costs and accelerate deployment in advance of the deadlines set by the US Government.
Dan Pelino, general manager, IBM Global Healthcare & Life Sciences Industry has said that “IBM Global Financing’s strategic financing relationships with market-leading EHR providers, combined with IBM’s health care services and software, is helping medical professionals use technology to uncover new ways to reduce errors, spot trends, improve patient care, and gather new insights into how to keep people healthier,”.
IBM Global Financing will provide financing for Siemens clinical and revenue cycle management applications, including INVISION®, MedSeries4® and Soarian®. IBM infrastructure and healthcare consulting services can also be financed and packaged as part of the solution. The combination of Siemens leading healthcare information systems with IBM’s transformation services, infrastructure and financing will help health systems plan, implement and effectively adopt these complex solutions.