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Tips for Healthcare IT Funding
A major barrier to entry into the world of electronic medical records for most physician practices is funding. Although there is promise of some grant funding opportunities from the federal level in the future, substantial dollars will be difficult at best to secure. When developing a funding strategy, be sure to include sources not only from the federal and state levels but also from foundations, corporations, health plans, pharmaceuticals, private donors, and others. Essentially, focus on those “stakeholders” that have a vested interest in the success of the practice’s entry into an electronic world. And what does it take to secure funding? It takes a well thought out business plan that addresses goals, objectives, vision, mission, a financial model, project structure, and a plan for sustainability. Once prepared, the business plan can become a practice’s platform for securing money to accomplish identified initiatives.
Looking for tips on health IT funding? Here are links that may be of interest...
Grants.gov is THE single access point for over 1,000 grant programs offered by all Federal grant-making agencies. HHS is proud to be the managing partner for Grants.gov, an initiative that is having an unparalleled impact on the grant community.
The grants section of the National Institutes of Health (NIH) site provides information about NIH grant and fellowship programs, policy changes, administrative responsibilities of awardees, the Computer Retrieval of Information on Scientific Projects (CRISP) database, and the numbers and characteristics of awards made by the NIH.
The Health Resources and Services Administration (HRSA), an HHS agency, is the primary federal agency for improving access to health care services for people who are uninsured, isolated or medically vulnerable.
The Foundation Center is the most authoritative source of information on private philanthropy in the United States. It helps grantseekers, grantmakers, researchers, policymakers, the media, and the general public better understand the field of philanthropy.
The American Association of Grant Professionals is an organization of people who care deeply about the grants profession.
*Source HIMSS Digital Office, March 2006 — Volume 1, No. 3 Issue
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