Investment firm: healthcare IT to gain ground in election year

By Healthcare IT News
12:00 AM

On the heels of President Bush's visit last week to Vanderbilt University Children's Hospital, investment research firm WR Hambrecht concludes in a research note issued today that the healthcare IT industry will gain enormous visibility during this election year, which will result in multiple-expansion.

Investment Conclusion: Last week, President Bush and his healthcareadvisors held a roundtable meeting at Vanderbilt University in Nashville todiscuss his commitment to implement an electronic health record within 10years. David Brailer will complete a strategic plan by July 20, andinformed the President last week that he aims to beat the 10-year goal. Webelieve the need for better IT in healthcare has become an election-yearissue, which we believe will result in multiple expansion.

President Bush makes Healthcare IT an election-year issue by conducting aroundtable discussion on the issue in a key battleground state. PresidentBush, with HHS Secretary Tommy Thompson and National Health InformationTechnology Coordinator David Brailer, conducted a roundtable discussion atVanderbilt University in Nashville, TN. Vanderbilt is the originator ofMcKesson's Horizon Clinical System.

Dr. Brailer indicated he plans on beating Bush's 10-year goal, andhighlighted the importance of patients being in control of their medicaltreatment.

President Bush stated that we have a '21st century system of care with19th century paperwork.' In his remarks, he highlighted the need forinteroperability standards to promote information sharing betweendepartments, hospitals and communities, while maintaining patient privacy.He also highlighted the progress the VA system has made in implementingtechnology.

In our view, the healthcare IT industry will gain enormous visibilityduring this election year, which will result in multiple-expansion. Longerterm, we believe Dr. Brailer's plan will drive adoption, resulting inimproved fundamentals. We believe it behooves investors to invest in leadingCompanies with well-respected products and strong management teams.

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