Why Does an EHR System Cost So Much?
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.
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 costs. 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 costs.
Evaluating EHR Costs
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.
ZH Healthcare understands the impact price has on the choice of an electronic health records system for a medical practice, large or small. With detailed service and feature models broken down by price along with a price transparency declaration, ZH Healthcare is proud to provide thorough and upfront financial breakdowns for its valuable services.
Contact us to speak with one of our experts or learn more about the value we can deliver for your practice.
- Integrated Care EHR and the Need for Offline ModeApr 26 , 2019
- G-Code Breakers for FQHCs: Does your EHR qualify?Apr 24 , 2019
- 3 Major Issues with Immunization Records Management (and How an EHR Can Help)Nov 13 , 2017
- The messaging feature: an ode to cognitive design in EHROct 20 , 2017
- Cloud Based EHR Software: the Key to Shielding Hospitals from Natural DisastersSep 13 , 2017
- MACRA & EHR: Seamless Integration Improves Care QualitySep 08 , 2017
- EHR Workflow: 4 Qualities You Need to SucceedAug 25 , 2017
- Cloud Based EHR Without Internet: the Offline Capabilities RevolutionAug 23 , 2017
- How long can you wait for your EMR to be Back On-Line?Aug 14 , 2017
- What’s the deal with MIPS?Aug 04 , 2017
- Decoding Meaningful Use For Your EHR SystemFeb 24 , 2017
- Web Based Electronic Health Records SoftwareFeb 21 , 2017
- What is the Difference Between an EHR and EMR?Feb 16 , 2017
- What is Certified EHR, and Why is it Important?Jan 13 , 2017
- How Can EHR Improve Patient Care?Oct 21 , 2016
- Critical Roles for EMR Training SuccessSep 20 , 2016
- How to Know if Your EMR Training Was a SuccessSep 15 , 2016
- How to Estimate EMR Training CostsSep 08 , 2016
- Why EHR Training is Crucial for SuccessSep 05 , 2016
- Best Practices in EMR TrainingAug 31 , 2016
- Why Does an EHR System Cost So Much?Aug 29 , 2016
- Trends Impacting EHR CostsAug 23 , 2016
- Understanding the High Cost of EHRJul 11 , 2016
- Understanding the High Cost of EHRJul 11 , 2016
- Understanding EHR Pricing ModelsJul 07 , 2016
- EHR Optimization Benchmarks Your Practice Should Be UsingJul 01 , 2016
- The Positive Impact of Customizing Your EHRJun 20 , 2016
- The Pros and Cons of Customizing Your EHRJun 16 , 2016
- Want EMR Success: Start with Your ProcessesJun 10 , 2016
- What does practice leadership have to do with your EHR?Jun 07 , 2016
- Why EHR Customization MattersJun 01 , 2016
- Your Data Has Value Outside of Your EHRMay 26 , 2016
- Who Owns the Data in Your EHR?May 21 , 2016
- Should You Test Your EHR Data Backup and Restore Process?May 16 , 2016
- Migrating Your EHR DataMay 10 , 2016
- Lessons to be Learned in EMR ImplementationMay 04 , 2016
- How to Avoid the EMR Patient Data Ownership Trap ?Apr 30 , 2016
- Keep Your Staff HIPAA Compliant with these 12 Best PracticesJan 30 , 2016
- A customized Health IT software for InternistsNov 03 , 2015
- Why physicians should implement electronic health records soonOct 20 , 2015
- Access to Medical RecordsOct 08 , 2015
- How to get ready for ICD-10?Sep 30 , 2015
- Save time & money by checking insurance eligibility of patientsAug 25 , 2015
- Gain control of no-shows and protect your bottom lineApr 22 , 2015
- One simple way to improve patient collections by 50%Mar 17 , 2015
- 3 Big HR Mistakes practices make when adopting an EMRJan 23 , 2015
- What is an Electronic Health Solution?Jan 19 , 2015
- What is EMR Interoperability? How Does it Benefit your Practice?Apr 22 , 2014
- How long can you wait for your EMR to be Back On-Line?Apr 22 , 2014
- The IT Benefits of Cloud Based EHRsApr 22 , 2014
- 5 Revenue cycle management Issues that could be Injuring your PracticeApr 22 , 2014
- TIPs for Choosing a Customizable EMR to fit your PracticeApr 22 , 2014
- 3 Common Mistakes That Can Scuttle Your EHR ImplementationApr 22 , 2014
- What’s the Difference between EMR and EHR?Apr 22 , 2014
- 3 Essential elements improve medical billing CollectionsApr 22 , 2014
- 32 Million Reasons you need an EMR Now!Apr 22 , 2014
- Vendor Selection is only the First Step of EMR Success!Apr 22 , 2014
- The 4 Big EHR Implementation Challenges Small Practices Face!Apr 22 , 2014
- 5 Signs that You need a New Billing Services Provider!Apr 22 , 2014
- Top 4 Reasons Small Medical Practices consider New EMR Solutions!Apr 22 , 2014
- Top 4 features Health Care Providers are looking for in their next EMRApr 22 , 2014
- 7 Things Providers Should Know and Do for Transitioning to ICD-10Apr 22 , 2014
- 3 Criteria for Selecting a Billing Services ProviderApr 22 , 2014
- The ZH Patient Portal gives Patients the Advantage!Apr 22 , 2014
- Why Your Practice Should be Using a Patient PortalApr 22 , 2014