money lotsof A new article by Becker’s Hospital Review explores budgetary pitfalls and best practices when it comes to implementing million-dollar EHR overhauls.

“Hospital and health system EHR implementations come with price tags ranging from the low millions to more than a billion dollars. These projects span multiple locations and years, making dollar estimates a seemingly imperfect science. Stories of bloated budgets and costs spiraling out of control are hardly uncommon. Just this summer, four executives with New York City Health and Hospitals Corp. lost their jobs over an EHR implementation that blew past its budget point with no signs of slowing. Even across the pond, the CEO and CFO of Cambridge University Hospitals NHS Foundation Trust in the United Kingdom stepped down from their positions in light of the system’s financial trouble, part of which may be linked to a $300 million EHR implementation.”

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