American Recovery and Reinvestment Act (ARRA): Signed into law in 2009 by President Obama, the American Recovery and Reinvestment Act (ARRA) is also referred to as The Recovery Act, or Stimulus Package. It authorizes the Centers for Medicare and Medicaid Services to offer financial incentives to hospitals and physicians who become “Meaningful Users” of electronic health records (EHRs).
Policies under the ARRA serve as motivation for healthcare professionals to become proficient in using health information technology to achieve best practices. Attaining widespread success with EHR systems will not only create jobs and improve the efficiency and quality of medical care, but also cut back on costs. The Act is designed to address both the financial and healthcare-related issues in the U.S.
For more information, visit the ARRA website.
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