Major U.S. health systems disclose EHR investment costs
WASHINGTON, UNITED STATES — Seven health systems in the United States have recently disclosed the costs associated with implementing or upgrading their electronic health record (EHR) systems.
These expenses range from millions to billions of dollars.
Kona Community Hospital and Kohala Hospital in Hawaii were awarded $2.5 million in federal funding to install an Epic EHR system.
MyMichigan Medical Center Sault is spending $10 million on an Epic rollout across the hospital.
According to a Becker’s Hospital Review report, OhioHealth Van Wert Hospital spent a whopping $12 million to upgrade its EHR system to CareConnect.
Trinity Health, a healthcare giant based in Livonia, Michigan, is nearly three-fourths through an $800 million Epic implementation spanning 101 hospitals.
AdventHealth, one of the nation’s largest health systems headquartered in Altamonte Springs, Florida, recently completed its switch to an Epic EHR at a cost of $660 million.
Cleveland-based University Hospitals installed Epic’s EHR last year, which cost $400 million. The investment combined 15 systems into a single integrated platform and ended up being $200 million under budget expectations.
MultiCare Health System in Tacoma, Washington, is allocating around $50 million to provide its newly acquired Yakima Valley Memorial Hospital with a new EHR system.
While the costs are substantial, health systems anticipate long-term benefits from streamlined operations and improved patient care facilitated by these advanced EHR platforms.
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