EMR Loan Description

As outlined in “Program Costs”, Main Line Health provides a $5,000 loan per physician or physician equivalent for the initial software license fee. The physician is required to pay back the loan to Main Line Health in five $1,000 annual installments. Only $5,000 of the maximum $44,000 a physician can receive in total ARRA funding is required to repay the Main Line Health loan.

NOTE: Primary Care Physicians, defined as Family Medicine, Internal Medicine without specialization, Pediatricians, and OB/GYN, are only required to pay back $4,000 with a $1,000 loan forgiveness provided by Main Line Health.

If in any year of the five year loan repayment period a physician’s annual ARRA stimulus payment is less than $2,000 annually, Main Line Health will forgive that year’s portion of the loan. Therefore, physicians are only required to pay back the loan if ARRA funding is received. Each year of the five year loan period, if a portion of the loan has been forgiven, the physician practice will receive a 1099 Form for tax purposes that lists any forgiven loan and interest amounts during the time period. Full details on the loan and repayment forgiveness are included in the Main Line Health EMR Physician Contract