EHR and Business Strategy = Oil and Water

Cost and value must balance to avoid long-term financial problems

Human beings tend to exaggerate the potential of new technologies. The reality of EHRs, for example, has fallen short of the imagined promise, which becomes a real issue when purchase and maintenance costs are sky high.

“Once all health systems inevitably implement EHRs, they become another toolset within the hospital … not unlike thermometers, stethoscopes or examining rooms. What they don’t do is provide a market advantage,” writes Joel French of SCI Solutions in a Healthcare IT News column. “Hospital executives that expected to see returns on their EHR investments have been disillusioned, knowing now that new revenue opportunities originate outside of those walls.”

While EHRs may not be a business strategy for hospitals, connecting them certainly is for health IT companies.

“In general, doctors pay $5,000 to $50,000 each for the privilege of setting up connections allowing them to transmit information regularly to blood and pathology laboratories, health information exchanges or governments, according to more than a dozen sources interviewed for this story,” writes Arthur Allen over at POLITICO. “Sometimes additional fees are charged each time a doctor sends or receives data.”

Medsphere makes the OpenVista EHR available through an affordable subscription service that includes implementation fees and a growing interface suite. We create additional needed interfaces for little more than the cost of development.

Learn more about Medsphere and OpenVista.

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