What EMR will cost you
Specific numbers date quickly; they depend on inflation rates and the value of the dollar. As the clever Mark Twain said, there are lies, damned lies, and statistics. All figures having to do with cost need to be adjusted for inflation if they are to mean anything. The numbers I’m giving you here are raw data.
At the beginning of 2008, we knew that in inflation-adjusted dollars, physicians had tripled their spending on EMR technology since the 1990s. The AMA expected that figure expected to triple again in six years. The estimates were that the average physician would be spending about $30,000 on EMR technology, including hardware, networks, and third-party software.
Another report says buying EMR software and getting it running will cost $15,000 per physician with $300 to $500 in monthly maintenance fees, On top of that, phew, the actual costs were said to exceed vendor estimates by twenty-five percent.