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Running the numbers on an EHR. Applying cost-benefit analysis in EHR adoption
1Health Information Management Program, Texas State University, San Marcos, TX, USA. tw26@txstate.edu
Understanding the return on investment is crucial for healthcare providers considering electronic health records (EHRs). A cost-benefit analysis can demonstrate the long-term profitability of EHR adoption.
Area of Science:
- Health Informatics
- Healthcare Management
- Health Economics
Background:
- Federal incentive programs encourage electronic health record (EHR) adoption.
- Provider hesitancy persists due to unclear return on investment (ROI).
Purpose of the Study:
- To analyze the cost-benefit of EHR systems.
- To determine the long-term profitability of EHR adoption for healthcare providers.
Main Methods:
- Cost-benefit analysis framework.
- Longitudinal financial assessment of EHR implementation.
Main Results:
- EHR adoption can be profitable over time.
- Quantifying ROI is key to overcoming provider reluctance.
Conclusions:
- Cost-benefit analysis is essential for demonstrating EHR value.
- Financial viability supports successful EHR integration and adoption.
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