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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
June 06, 2008 at 12:07 PM
A Pennsylvania health carrier says it will help pay for doctors in its hometown to upgrade their technology even if it cannot do so through a tax-exempt process.
Highmark Inc., Pittsburgh, says it will spend $29 million to help doctors buy and set up electronic prescribing and electronic health record systems.
Highmark first announced an earlier version of the effort in 2005. At that time, Highmark planned to provide the money through a community foundation.
The Internal Revenue Service has not yet ruled on whether a nonprofit foundation could give the money to for-profit doctors’ offices.
Highmark has decided to get around the delay by paying doctors directly, rather than trying to pay them through a foundation, the company says.
Highmark will pay up to 75% of the cost of acquiring a health technology system, up to a maximum of $7,000 per physician, the company says.
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