NEW YORK (TheStreet) -- One of the bigger winners in the health care market shift created by the Affordable Care Act, aka Obamacare, is Athenahealth (ATHN), a company created a decade ago to help doctors get paid but which has used the $19.2 billion of HITECH stimulus in the 2009 American Recovery and Reinvestment Act to move into the area of Electronic Health Records.
According to research from SK&A, Athenahealth presently has about 2.8% of the electronic health record market, but anywhere from 28% to 48% of each state's market remains unclaimed, even as incentives from the HITECH Act start to expire. There remains substantial growth to be had in the market.
Once the incentives expire starting next year, clinics and hospitals could be fined for having failed to purchase and implement electronic health records. The current market leaders, with about 10% of the market each, are privately held EPIC Systems and eClinicalWorks.
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