Adopting an Electronic Health Record (EHR) system is no longer an option, but an obligation. If your practice does not do so, you’ll be subject to penalties that will increase as time progresses.
Additionally, you will be deprived of the incentive payments that many of your competitors are benefiting from. However, with several hundred EHR vendors to select from, you require an EHR pricing and vendor comparison to make the right decision.
While the most important component of most decisions is price and costing, you still must develop an initial plan to determine which EHR vendor is appropriate including the how-much-will-it-cost-me component.
First you need to limit the number of vendors on your option base. For doing so, you will first need to identify several vendors based on your personal knowledge, market research and on recommendations of other physicians.
Look at the software and hardware their systems require. For example, a server-based system will require more hardware. Additionally, many of the leading vendors have EHR solutions that do not require installable software and can be accessed via internet. So first, you need to be sure of the solution you require.
Once this comparison is done, you should narrow down your options by a more specific EHR software assessment. In this, you’ll analyze specific features that you require in your EHR. Which vendor is ready for ICD-10 and Meaningful Use Stage 2 certified, for example. Also do some research on other services offered by these vendors; common techniques for this are via rating and review websites, asking other healthcare professionals and by visiting the vendors’ websites. For example how efficient their customer service is and if they have integrated systems (if you require practice management solutions as well).
Now with your options even more limited, conduct an EHR pricing comparison to determine which vendor has solutions that meet your budget. During this stage, include all costs such as those needed for the implementation, average staff training costs and any potential cost that you can think of.