Be Prepared For Significant IT Investments As a Result of EHR Implementation

Government incentives will only offset electronic health record (EHR) costs by about 15% to 20%, according to McKinsey & Company—which means health care providers should be prepared to make a significant investment as part of a “radical new approach to IT.” According to their study published in management consulting firm McKinsey & Company’s business journal McKinsey Quarterly , American Recovery and Reinvestment Act (ARRA) money will not come close to covering the expenses of an EHR. “This should not be a news flash,” wrote Paul Roemer on the Healthcare IT Strategy blog.