EHR and Health IT Consulting
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EHR and Health IT Consulting
Technical Doctor's insights and information collated from various sources on EHR selection, EHR implementation, EMR relevance for providers and decision makers
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Trends Impacting EHR Costs 

Trends Impacting EHR Costs  | EHR and Health IT Consulting | Scoop.it

EHR Cost

Electronic health records systems can be (and often are) costly. This is true for a variety of reasons. The expenses of implementing an EHR are driven by costs associated with system design to training and everything in between. Even so, health records systems have seen a dynamic history of prices trending from the very expensive to the very affordable. Understanding these market fluctuations requires a quick look at some of the most substantial trends in EHR design and adoption.

Trends

Many variable factors influence EHR cost. Watching the environment of the market in the health records industry can help to clarify some of the EHR pricing variations.Three significant trends to follow are open source systems, API usage, and customization in EHR systems.

  • Open Source and Do-it-Yourself Implementation (Downward Trend)

Despite their initial popularity, particularly with respect to their low cost, open source EHR systems do require a higher degree of technical capacity early on, and some may also lack the functionality delivered by paid, packaged systems. These systems are among some of the most affordable EHR solutions, with little or even no upfront costs in some cases. However, financial investment is typically seen at a later stage in implementation, training, upgrades, and maintenance.

  • API – Application Program Interface (Downward Trend)

Interfacing software systems through API-driven models has also seen a deceleration, partly due to the complexity of bridging numerous systems. However, a decrease in API-driven models can also serve to drive up costs in health records as a result of adecrease in interoperability and an increase in proprietary systems.

  • Customization (Upward Trend)

The more adoption of EHR systems in the healthcare industry will lead to more customization. Practices continue to realize that a one-size-fits-all approach to EHRs is detrimental to workflow, revenue cycles, and usability. But with customization comes the increased costs of creating systems tailored by specialty or individual practice.


                                   

 

Technical Dr. Inc.'s insight:

Contact Details :
inquiry@technicaldr.com or 877-910-0004
www.technicaldr.com/tdr

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Why Does an EHR System Cost So Much? 

Why Does an EHR System Cost So Much?  | EHR and Health IT Consulting | Scoop.it

Electronic health record (EHR) systems are an enormous investment. This investment comes in the form of time, labor, and of course, money. Whether a medical practice chooses to host an on-site EHR system or subscribe to a web-based system, these costs demand significant planning and preparation.

Understanding the cost breakdown of an EHR system can help a medical practice not only prepare for the financial investment but also generate implementation focus.

What is the cost of an EHR?

Estimates of EHR costs have ranged anywhere from $15,000 to $70,000 per provider. Many factors drive this expense.

First, the development and design of the system itself is a concrete contributor to the value of electronic medical records. EHR cost is also affected by the degree of interfaces and integrations it offers, particularly with respect to other health records systems.

Implementation decisions also impact the cost. Practices implementing an in-house, locally-hosted system, have higher costs than for those adopting a web-based SaaS (Software as a Service) model.

Regulatory requirements, compliance, and certification, are also a significant source of EHR cost. Testing and certifications to meet Meaningful Use requirements or updates to align with changes such as ICD-10 are examples of how these areas influence EHR cost.

Once selected by a client or practice, user interfaces, customization, implementation, and training also contribute to EHR cost.

Evaluating Cost of EHR


                                                      EHR Cost

One of the very best sources for evaluation of EHR pricing is the vendor. During this stage, it is important to scrutinize options with a critical eye to truly evaluate what an electronic records system delivers.

Questions such as “How will data migration or input from paper charts impact pricing?” or “What is the training timeline and volume?” can help your practice to determine value vs. cost for a particular vendor.

This step requires doing appropriate research beforehand on the scope, features, and requirements you’re looking for in an EHR.

Understanding Cost and Value of EHR

High costs should equate to high value. This is true of any service, and healthcare HITaaS (Healthcare  IT as a Service) is certainly no exception. Experienced vendors should be able to provide clients with a thorough understanding of the value of their systems and services as well as the cost. This value translates into meaningful benefits for your medical practice, both immediately and down the line.

EHR value should be measurable with concrete metrics including documentation accuracy, workflow efficiencies, and more. And while this means that vendors are responsible for exceptional service, it’s important to remember that you can’t knock cost without knowing the expected value.

 

 

Technical Dr. Inc.'s insight:
 Contact Details :

inquiry@technicaldr.com or 877-910-0004
www.technicaldr.com/tdr

more...
No comment yet.