Introduction
Achieving a ROI on technology investments can be difficult – and even more so in the case of Electronic Health Record (EHR) software.
A 2013 study from the University of Michigan School of Public Health finds that practices that implement an EHR without a laser focus on enhancing revenue and cutting costs are likely to lose more than $43,000 over five years. In other words, 73% of those surveyed failed to see a ROI1. The financial implications of EHRs are about more than Meaningful Use (MU)
checks, after all.
That said, whether a medical practice wants to purchase an EHR, switch out its current solution – or simply get the most out of existing investments – there are three levers for maximizing ROI:
1. Choose a product that can enhance, not erode, profitability
2. Optimize implementation for faster time to value
3. Attack Meaningful Use in a way that maximizes payments
