Six Health Systems Suffer Financial Losses Following EHR Deployments

I have been blogging for at least seven years about the"numbing costs" of installing a new EHR (see:Who Says a Hospital CIO Can't Get Fired for Picking the Epic EHR?). These costs and sometimes subsequent financial losses are due to the enormous cost of installing such a system, inability to collect on accounts receivable during and even after the transition, and the decreased productivity of physicians and nurses using the new system after system go-live.There is an inevitable decrease in productivity following the deployment of any new technology because of the unfamiliarity of personal with it. Ideally, this unfamiliarity disappears in short order and productivity rapidly increases if the technology is well designed (see: Lost productivity: the scourge of your EHR cost calculations). A recent article described some current examples of hospitals suffering financial reverses following the deployment of an EHR (see:6 health systems that blamed Epic, Cerner EHR installs for losing millions). Below is an excerpt from it:University of Vermont Health Network said its $151.7 million Epic EHR implementation was partially responsible for its $10 million operating loss in the first quarter of 2020.......[O]fficials atEctor County Health District blamed its Cerner EHR implementation, in part, for financial losses and a bond downgrade....The system's CFO reported that there were issues with its $55 million Cerner implementation that led to challenges...
Source: Lab Soft News - Category: Laboratory Medicine Authors: Tags: Cost of Healthcare Electronic Health Record (EHR) Healthcare Information Technology Hospital Executive Management Source Type: blogs