West Reading, Pa.-based Tower Health reported higher income in the nine months ended March 31 however ended the duration with an operating loss. In the very first three quarters of financial 2020, the health system taped $27.1 million in one-time expenditures– $7 million associated to Epic implementation expenses at newly obtained health centers, and the remainder associated to other one-time transaction costs.
Here are 3 healthcare facilities and health systems that have attributed operating losses to their EHR jobs in the previous year.
Burlington-based University of Vermont Health Network reported a $10 million operating loss in the very first quarter of financial year 2020, which it attributed partly to an Epic EHR installation that cost more than anticipated. UVM Heath Network CEO John Brumstead said the $151.7 million EHR application job cost more than expected and took longer for physicians to adapt to than expected, which reduced efficiency.
Kaleida Health in Buffalo, N.Y., reported a $24 million loss on $1.86 billion in income in 2019, placing partial blame on its Cerner EHR investment. Kaleida published a $25 million financial investment into its Cerner EHR system, which becomes part of a $125 million project to broaden the ehr and upgrade over a number of years.
Jackie Drees –
Friday, August 7th, 2020
More posts on EHRs:10 Epic go-lives in 2020 so farVA to get $16B Cerner EHR go-live in OctoberVA awards Cerner possible $94M assistance order for 3rd wave of EHR release.
© Copyright ASC COMMUNICATIONS 2020. Intrigued in LINKING to or REPRINTING this material? View our policies by clicking here.