Pricing factors for EMR
To answer the question of how much an emr system costs, the pricing factors for EMR consider many aspects. Normally, you won’t get pricing data from your provider on the website. However, they will direct you to communicate with the sales team to get an estimation. Partially, the reason behind this obstacle is that many factors play a role. Here are the main ones.
1- Are you interested in an EMR alone? Or do you also want an integrating practice management application?
2- Who will access the system? Office managers, therapists, physician assistants, nurse practitioners, doctors? How many of them need special logins?
3- What is the number of your patients daily?
4- Do you plan to get extra help with the setup and training? Or do you have an IT staff to support you?
5- Is it the first time you have bought an EMR, or do you need to migrate?
6- What type of EMR are you interested in?
7- What is the size of your practice?
The Average cost of an EMR
One answer to the Average cost of an EMR doesn’t exist. Previously, we stated the many factors that contribute to an estimation. However, we can give you a range for each type of EMR price. If you opt for a one-time license fee, the price ranges between 1,200$ and 500,000$. That is, without the recurring and hidden costs. As for the subscription license, a monthly subscription fee per/provider ranges between 200$ and 35,000$. Finally, the pay-per-provider model remains with a price range of 200$ 700$.
It’s not the end, additional costs present themselves in pricing models. Implementing a new EMR includes extra charges no matter who the EMR vendors or the vendor offer you choose is.
1- Data migration: Your actual vendor extracts and exports patient information to be imported onto the EMR. This comes a lot of times as a surprising cost for the buyer.
2- Training: this depends on how extensive the training is. It varies between nothing and a bunch of thousand dollars.
3- Productivity losses: as you become used to entering and charting data, you’ll lose a bit of speed. Leading you to see fewer patients per day. Stay healthy financially when transitioning by setting up to three months of capital.
To conclude, remember the following: now that you know your way around EMR costs. First off, your needs will choose your costs for you. Second, make a lot of comparisons before purchasing. Third, don’t forget the overlooked and hidden costs.
If you have more cost knowledge needs, we, at the Ambula healthcare team await your call: (818) 308-4108! And now, is emr required by law?