The implementation of electronic health records systems (EHR) on a huge scale has ruined the bottom lines of several major healthcare agencies. Among them, in accordance to Becker's Hospital Review, are heavyweight hospitals and healthcare networks like the University of Texas MD Anderson Cancer Center in Texas and Partners HealthCare, the predominant contributor network in Massachusetts.
Despite of the fairly generous federal incentives for installing the electronic health records (EHRs) and achieving several stages of meaningful use, undertaking like initiative can mostly pose vexing financial challenges for contributors.
On the individual practice level, various physicians yet feel that the price of the EHR implementation outweighs the advantages. Hospital officials sometimes have the similar mixed feelings. A latest survey of hospital executives by Black Book Market Research discovered a vast majority at financially strapped services and systems regretted the outlay on such systems.
MD Anderson reported a $160.5 million decrease in adjusted income in the 7-month period ended on the day of March 31--a drop of 56.5%--because of the implementation of its new Epic EHR system, in accordance to Becker's,
Partners reported a $74.1 million decrease in operating income for its most recent quarter, a situation it also attributes in part to EHR execution woes, the article reported. Other hospitals and systems, like Sutter Health in the state of California, and Brigham and Women's Hospital in Boston also reported drops in income because of the EHR problems and issues.
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