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$4 billion, $1.5 billion, $1.2 billion, $1.0 billion and $700 million. Excluding government contracts, these are among the five largest EMR price tags on record over the last two and a half years. That’s four implementations weighing in at more than $1 billion each, and another one not far behind.
When added up, spending on U.S. healthcare IT comes to a whopping $40 billion annually, spending that has been propped up by nearly $30 billion in EMR government subsidies; well-intentioned tax payer dollars that have fallen well short of expectations. And while inflated expectations have tried desperately to keep pace with the price tags attached to the EMR, we’re confronted with a divergence in the fundamental principles of our healthcare system and the supporting role of healthcare IT.
No healthcare technology vendor, with a mission rooted in compassion and patient care, should burden providers, payers, patients and tax payers with a total cost of ownership in excess of a billion dollars.