Here is how much 12 hospitals and health systems are expected to pay for purchasing, installing and upgrading a new or current electronic health record system in 2023, as reported by Becker's:
- According to financial documents published Dec. 14, Cleveland-based University Hospitals expects its Epic installation to cost about $400 million, a significant drop from the $600 million it had initially budgeted.
- St. Peter's Health, based in Helena, Mont., spent $25 million to switch to an Epic EHR system.
- McLeansboro, Ill.-based Hamilton Memorial Hospital received a $895,000 grant from the U.S. Department of Agriculture to help fund its Epic EHR system.
- Weirton (W.Va.) Medical Center is spending $65 million to upgrade its EHR system to a Cerner one.
- Marietta, Ga.-based Wellstar Health System will install Epic at Augusta (Ga.) University Health System with the aid of a $105 million contribution from the state budget.
- Clinton, Ill.-based Warner Hospital & Health Services is spending $2.3 million of its fiscal 2024 budget on an EHR upgrade.
- Morris (Ill.) Hospital & Healthcare Centers spent $12 million for its Meditech EHR system.
- St. Louis-based Mercy is spending $6.5 million to install Epic at its recently acquired Perryville, Mo.-based Perry County Memorial Hospital.
- Legacy Community Health, a Houston-based network of 41 clinics, received $1 million in federal funds to upgrade its Epic EHR system.
- Boston-based Tufts Medicine reported EHR installation costs of around $70 million last year. The health system uses Epic EHR, which it transitioned to Amazon Web Services last year.
- Yakima (Wash.) Valley Memorial Hospital said it will spend more than $100 million to install a new electronic health records system. The EHR vendor was not named.
- Altamonte Springs, Fla.-based AdventHealth announced plans to transition to an Epic EHR system in February 2020 and said a year later the project was expected to cost around $660 million. CEO Terry Shaw said the Epic implementation expenses for 2022 through November were $355 million.