Hospital EMR Stimulus ROI Calculator

Try to get a straight answer on how much an electronic health records system cost for a hospital (yes, I sometimes talk about hospital EMR on this blog too) and it’s nearly impossible. Of course, it’s the number one question on most hospital executives’ minds in light of stimulus funding, a simple price tag is still hard to find and you simply can’t find a straight answer.

Well, the people at MedSphere (memorable for their VW Bus pic at HIMSS) have put out a hospital EHR stimulus ROI calculator. The required fields are provider number and number of beds. As always I’m a bit skeptical about any sort of ROI calculator, but I like to have as much data as possible. So, here’s one other reference for those trying to calculate the EHR stimulus ROI.

About the author

John Lynn

John Lynn

John Lynn is the Founder of the HealthcareScene.com, a network of leading Healthcare IT resources. The flagship blog, Healthcare IT Today, contains over 13,000 articles with over half of the articles written by John. These EMR and Healthcare IT related articles have been viewed over 20 million times.

John manages Healthcare IT Central, the leading career Health IT job board. He also organizes the first of its kind conference and community focused on healthcare marketing, Healthcare and IT Marketing Conference, and a healthcare IT conference, EXPO.health, focused on practical healthcare IT innovation. John is an advisor to multiple healthcare IT companies. John is highly involved in social media, and in addition to his blogs can be found on Twitter: @techguy.

3 Comments

  • Love the healthy skepticism, John! The Healthcare IT industry at large has certainly earned it over the years. FYI to date we have nearly four dozen hospitals that have run the calculator. The average ROI over 5 years is $2.5m net of the Medsphere Open Vista subscription for this sample set.

  • A little CYA never hurts. At least when you’re a blogger. Plus, I always think it’s good to get as much data as possible. The better the data the better the decision.

  • Thanks for the recommendation John. Its an interesting baseline and bravo to Medsphere for putting it out to the public, we’ll not see an Epic Systems, Cerner or Eclipsys doing this but I’d vote that they take a page off progressive and do a comparison of top venders prices vs ROI if that information is ever made public.

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