Health IT cost per physician surpasses $32k each year; expenses up 40%+ since 2009: 5 things to know

Written by Mary Rechtoris | August 10, 2016 | Print  |

Heath IT is moving quickly and many providers struggle to keep up with the move toward electronic health records and other technological platforms, according to Forbes.

Here are five things to know:


1. Each year, health IT costs more than $32,000 per physician, with physician-owned multispecialty practices spending more than $32,500 last year on new health IT, staff, maintenance and other related costs, according to a Medical Group Management Association analysis.


2. Since 2009, health IT expenses have increased more than 40 percent for physicians.


3. The government's push for more and more data to improve outcomes has taken a steep financial tool on physicians, while health IT vendors like Cerner and Epic have reaped the financial benefits.


4. Physicians incurred the highest spikes in technology costs between 2010 and 2011 when CMS began providing physicians financial incentives for moving to electronic health records. While IT costs per physician totaled $23,000 in 2010, this number jumped to $27,000 per physician the following year.


5. Health IT integration is still a concern amongst physicians, with respondents rating health IT and related implementation ninth on a list of 17 most pressing career concerns for physicians in a Medicus Firm survey.


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