President Obama has vowed to drag U.S. health care into the 21st century, allocating billions of stimulus dollars to streamline the nation’s byzantine health systems. With big financial incentives being dangled in front of doctors and other providers, more than $20 billion will be spent on electronic medical records, the cornerstone of a massive health IT overhaul. Here are some of the stocks most likely to reap the benefits of Obama’s ambitious health care agenda….
…Cerner and its rival Computer Programs and Systems (CPSI) are nonetheless well positioned, according to Raj Prabhu, managing partner of Mercom Capital Group, which specializes in health care research.
“Like McKesson, these guys are on the hospital side,” he told TheStreet.com, adding that customers will soon know what systems they can buy. The U.S. government is currently laying out its criteria for what constitutes “meaningful use” of electronic records, according to Prabhu, who says that this should be in place in October or November… Click here to read the article in its entirety.
