The cost of software and implementation services is by far the biggest obstacle to electronic health record (EHR) adoption for both hospitals and physicians' clinics. A small hospital might pay $3 million [USD] for an EHR system, while physicians' electronic records software costs, on average, $35,000 to $50,000 per physician. So a ten-physician clinic is looking at a half-million dollar investment. That is a significant investment at a time when providers are feeling squeezed financially at both ends - by the insurance payers, both private and Medicare/Medicaid, and by rising operating costs such as malpractice insurance and billing and administrative costs.
Source: Healthcare Electronic Records Technology and
Government Funding: Improving Patient Care?
Date: September 9, 2009
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