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Call To The Floor: Electronic Health Records

Last week, U.S. health officials released standards for electronic medical records in an effort to spark investment in new technology.

Electronic health records have been available for years, but many doctors' offices remain mired in paper, as physicians remain reluctant to spend money on systems that could quickly become obsolete.

But now that standards have been set, the situation may be about to change.

And with $19 billion in stimulus funds earmarked for converting paper records into digital files companies such as Allscripts-Misys Healthcare, Cerner Corp and McKesson Corp could benefit.

Also, larger technology companies such as General Electric's GE Healthcare unit, Siemens , Microsoft and Google could benefit - they are all also involved in the health information technology business.

However, before you rush into a new position, it’s important to know that a final rule on standards for electronic records technology won’t be issued sometime in 2010.

What else must you know about a potential ‘can’t lose’ trade? Find out from Allscripts CEO Glen Tullman. Watch the video now!


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Trader disclosure: On January 4th, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders;

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