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Parks Associates Predicts Expanded Adoption for Personal Health Records Due to $19 Billion Government Incentive

This new industry report from international research firm Parks Associates notes that the $19 billion financial incentive from the U.S. federal government designed to promote EMR adoption includes a “meaningful use” requirement. PHR, though not fully spelled out, is implied in one of the requirements.

“Despite a slow start, the PHR market is poised to grow, thanks in large part to government incentives,” said Harry Wang, Director, Health and Mobile Product Research, Parks Associates. “Patient portal as a tethered PHR will experience the fastest expansion over the next few years because it will serve a dual purpose for physicians. PHR will serve as a patient communication tool and will also help them qualify for the incentive. Doctors will communicate the benefits of PHRs to consumers, resulting in rising awareness and more frequent usage.”

Parks Associates defines PHRs as software and applications designed to enable consumers to access and store personal health and wellness information for self-care or for sharing with doctors or designated recipients.

From the article, "Parks Associates Predicts Expanded Adoption for Personal Health Records Due to $19 Billion Government Incentive"

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