With Meaningful Use incentives scheduled to start in 2011, physician practices are actively assessing the costs and benefits associated with implementing an Electronic Health Record (EHR) solution. To aid these analyses, CDW Healthcare surveyed 200 physician group practices not currently using an EHR to establish the current infrastructure, EHR plans and expected impact of adoption.
CDW Healthcare wanted to provide:
– A baseline understanding of the concerns that physician practices have with specific regard to EHR adoption
– A market-wide understanding of the current Information Technology (IT) infrastructure in place at physician practices
– A complete, up-to-date and comprehensive cost model for implementing an EHR in a physician practice – including recurring and soft costs
Insight on minimizing adoption costs and maximizing value following adoption
– Although 66 percent of respondents cite the cost of hardware and software as their primary concern with EHR adoption, these costs comprise just 12 percent of per physician costs in the first year of EHR implementation
– Just 32 percent of respondents cite loss of revenue as a primary concern. Yet, all respondents expect to experience a 10 percent loss of productivity while reworking an average of 44 percent of their patient encounter workflow
– In the adoption year, physician practices may lose as much as $101,250 in patient revenue because of workflow disruptions. Once fully implemented, however, patient workflow efficiencies could deliver as much as $151,875 in additional annual revenue
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