The Epic EMR cost depends on the needs of your practice. Some practices will need more server resources than others. The costs will also be affected by whether the system is used internally or hosted externally. If you’re new to the concept of Epic EMR, then it’s important that you understand all the costs. This article will explain the different types of prices.
For smaller facilities the epic emr cost for each service varies greatly. The smallest data management package is called the Personal Health Record. This service is required for small practices with fewer than 100 patient charts. To get a better idea of what you’ll be paying for, think of the average price for semi-private self-hosted systems. Then multiply this number by the number of patient charts you have to maintain and you’ll arrive at the epic emr cost per service.
If your practice has more than a hundred patient charts and requires the Epic EMR software there are two ways to approach the question of pricing. You can decide on a fixed price per calendar month to cover everything in one payment or you can ask for a lump sum payment upfront. With this information you’ll be able to get a much better idea of how much closer look you’ll get at the final price. The best way to determine what the epic emr cost per service will be for your practice is to contact multiple providers and get price quotes. There are even sites on the Internet that allow practitioners to enter their own information and then submit a quote to several companies.
There are some practices that pay close attention to whether they’re using a fully-self-hosted system or a semi-private one-time fee model. In most cases, the private semi-private Epic EMR package will cost less than the one-time fee that’s required of a self-hosted system. However, if you’re a small office with fewer than twenty patients you may want to consider using a one-time fee instead. The one-time fee will be less than the epic monthly fee but still more than the yearly cost that’s required for a self-hosted system.
Another way to calculate the epic EMR software cost is to do a direct comparison between it and the typical medical health insurance plan. It’s common for practitioners who provide low-cost or free care to get free or reduced-rate billing software from medical suppliers such as Quest, Express, Citiistry or Netcopier. To get free or reduced-rate software, however, they must provide a copy of their medical insurance policy. Practice administrators must also complete and submit a medical insurance form so that the provider will be allowed to provide the software.
The electronic health record software cost that you’re faced with is due to the price of maintaining the in-house network that’s needed to run it. The cost of installing and purchasing the necessary hardware and software is considerable. Large healthcare providers go up to five times the cost of installing an electronic health record system. The cost of maintaining it is expensive because each time a new patient is added, there’s a new accounting record for the practice to create. Software administrators who have to install the software are often paid hourly, which means they only make a portion of the software cost back in their base pay.
In addition to the software cost, there’s also a cost of training each employee to use it. The number of employees who need to be trained varies by state, too. Even when a practice manages to train everyone properly, it still adds up. For smaller practices, it’s often not possible to hire enough staff to have a full payroll staff. This means that the most cost-effective option is to go with Epic EMR as the vendor of choice, but there are some things about this that small practices should look out for.
First, make sure that you aren’t losing potential business over Epic. While there may have been a short burst of interest when it first came out, it’s definitely lost its footing since. Also, it’s important to realize that the trend towards electronic medical records may continue to slow or reverse itself at some point. If you plan to use Epic as your vendor going forward, make sure that you’re getting the best deal you can on the system now while it’s still competitive.
