Describe the cost associated with epic information system

Expert Solution

Epic primary develpes , manufacturers, license , support,and sells a proprietary electronic medical record software application known in whole as Epic.Epic application support functions related to patient care including registration and scheduling, clinical systems for doctors,nurses, emergency persons,and other care providers.

Partners HealthCare began adopting eptic in 2005 in a project initially reported to cost $1.2 billion.By 2018 the total expenses for the project were $1.6 .billion with the payment for the software itself amounting to less than 100 million and the majority of the cost caused by lost patient revenues tech support and other implementation work.

Epic systems is the most well known system in world of health IT.It used in hospitats and health systems to access,organize,store and share electronic medical records.More than 250 billion patients have have electronic record in epic.

Epic charged a fee to send data to send some nin epic systems.Epic says the yearly cost for an average sized hospital is around $500 a year.

The company has a reputation as both a technological leader and one that comes with an expensive price.some times more than 1$ billion for its products and related installation.

Nightingale answered 1 year ago

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