Crain's Health Pulse, 2/4/10.

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PCDC Bridge Loans

Primary Care Development Corp. closed short-term bridge loans to help accelerate two state-funded health information projects. PCDC provided $450,000 to the New York eHealth Collaborative and $150,000 to the Continuum of Care Improvement Through Information New York. The two groups are recipients of a total of $40 million in New York HEAL grants, but that funding has been delayed. The bridge loans will allow them to keep implementing HIT projects while they wait for full funding from the state.