It is estimated that health organizations will spend up to $70,000 per provider on EHR’s. Sutter Health in California has paid out more than $1 Billion and Kaiser Permanente has put up $4 Billion for its system.
In addition to the huge financial investments, to calculate total cost of ownership of EHR systems you must also consider the costly software maintenance fees, hardware updates and FTE support & training needs that can significantly affect a budget. MaineHealth stated it will be spending $55 million MORE on its EHR system, mostly for staff training and The Ohio State University Health Network indicated that it spent over 155,000 training hours for their most recent implementation of a system-wide EHR. On top of the financial burden, EHR implementations can cause workflow disruptions, taking time and focus away from patient care and other IT projects.
*Becker’s Hospital Review: The New 10-Year Standard: Fine a More Accurate HER Total Cost Ownership. By Brad Swenson
*Healthcare IT News: How satisfied are you with your HER? 2015 Satisfaction Survey results. By Erin McCann, September 18, 2015.
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