Medical Economics study saying 65% of docs report losing money with EMR system implementation

This is a scary statistic.  And it's not the only one.  In an article posted on 2/10/2014, Daniel R. Verdon reports on physician outcry on EHR functionality writing that 'the cost will shake the health information technology sector."  The most recent data from MPI Group and Medical Economics not only corroborates these physician sentiments related to EHR implementation, but calls on software developers to build solutions that help physicians improve patient care, not obstruct it.   Here are the highlights of the 2-year national study that concluded at the end of 2013:

  • 73% of the largest practices would not purchase their current EHR system again.rising-cost-of-healthcare
  • 67% of physicians dislike the functionality of their EHR systems.
  • Nearly half of physicians believe the cost of these systems is too high.
  • 45% of respondents say patient care is worse since implementing an EHR.
  • 65% of respondents say their EHR systems result in financial losses for the practice.
  • About 69% of respondents said that coordination of care with hospitals has not improved.
  • Nearly 38% of respondents doubt their system will be viable in five years.
  • 74% of respondents believe their vendors will be in business over the next 5 years.

The national study underscores the major disconnect between the current state of EHR software and the needs of physicians.   Today's physicians are being challenged as never before and will be hard pressed to survive given declining revenue and increased costs. Click Here To Read the full article at Medical Economics 

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