{"id":1613,"date":"2014-07-16T13:45:49","date_gmt":"2014-07-16T13:45:49","guid":{"rendered":"https:\/\/www.billingparadise.com\/blog\/?p=1613"},"modified":"2026-03-25T01:43:57","modified_gmt":"2026-03-25T06:43:57","slug":"how-to-calculate-the-roi-of-your-emr-software","status":"publish","type":"post","link":"https:\/\/www.billingparadise.com\/blog\/how-to-calculate-the-roi-of-your-emr-software\/","title":{"rendered":"EMR Software ROI Calculation and how to do it?"},"content":{"rendered":"

What is the return on investment of your EHR ? Despite contradictory results and findings on the advantages and disadvantages of EHRs, the major concern of providers is whether all that trouble of implementing an EHR, has really been worth it ?<\/p>\n

A recent report suggests that several medical practises are opting out of Meaningful Use altogether, to avoid complexities and loss of revenue. Physicians who are working towards meeting MU guidelines<\/a> have now reconciled themselves to the fact that the costs of working EHRs are much higher than the incentives.<\/p>\n

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Short term loss to get long-term benefits !<\/span><\/h2>\n

If expecting EHRs to be a magic pill is absurd, jumping at shadows is even more so! The best approach towards working with EHRs is taking the middle-ground. Medical practices that have managed to get the best out of their EHRs are the ones who\u2019ve methodically streamlined their workflow and increased revenue using their EHRs. But to take the first step calculating the return on investment is essential.<\/p>\n

There are several ways to calculate the ROI of your EHR but the most effective way is to compare your medical practice\u2019s administrative and financial performance, prior and post EHR implementation<\/a>.<\/p>\n

Let\u2019s look at how much your EHR has saved !<\/span><\/h2>\n

Calculate how much on an average you\u2019ve spent on:<\/p>\n

Equipment costs:<\/span><\/h3>\n