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.
According to a Becker’s Hospital Review report, 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.
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.
