How Much Does Epic EMR Cost? [Actual Rates Revealed]
Epic’s electronic medical records (EMR) system is among the most popular in the medical industry. This software from Epic Systems Corporation is known for its price and quality.
Unfortunately for those interested in learning the Epic EMR cost, the company does not list its prices on its website or via other means. Instead, you need to contact the company to get a quote for your business.
To save you time and hassle, we have researched the Epic EMR cost for you. Instead of trying to find even a ballpark figure of what the electronic medical records software costs, we offer you a detailed list of the prices that you are likely to pay.
A Closer Look at the Cost of the Epic EMR Software
Based on our research, you could pay anywhere from $1,200 to $500,000 for an Epic EMR. The price depends on a large list of factors, which we outline below.
To get a better feel for what you should expect to pay, consider the following average costs for various uses of Epic EMR.
- $1,200: The starting cost for self-hosted solutions.
- $500,000: The average cost for large hospitals and clinics.
- Per month costs of $200 to $35,000: These costs vary by facility and features used, with the cost frequently including training and setup.
- $2,000: The average cost for training when it is not included in the package.
Free versions are also available with very limited features. These are only useful for smaller facilities, and even those will likely want to upgrade to a paid version of the Epic EMR.
What Affects the Epic EMR Cost?
The biggest factors affecting the cost of the Epic EMR are the size of your medical facility and the features and services that you need.
Choosing a version of the Epic EMR that allows for higher levels of customization increases the price. Examples of customization can include templates and patient charts.
Integration with additional services and information can also increase the cost. For example, the Epic EMR can integrate with pharmacy, lab, and immunization registries.
The level of administrative features you need will also affect the price. You can find features like referral management, appointment scheduling, storing documents, and tracking medication.
The finance module is useful for tracking invoices, bills, and payments. Support for EpicCare, the mobile solution, will also increase the cost.
Adding features to the Epic EMR can quickly increase the cost by tens of thousands of dollars, so it is best to stick to the features that you need. The software is cloud-based, which makes it straightforward to add additional features in the future.
Size of Solution
The size of the solution has a significant impact on the price as well. As mentioned earlier, smaller facilities may just pay $1,200, while large hospitals may pay $500,000.
With such a wide range of prices, it should go without saying that there is plenty of middle ground, and your costs are likely to fall somewhere in between those extremes, based on the size of your facility.
The higher price for larger facilities makes sense, given that more people will need to access the system, and it will need to store information on more patients.
One-time Fee Vs. Monthly Fee
There are also some variations in pricing based on your chosen pricing scheme. Some of the packages come with a one-time fee, such as the self-hosted solutions. Many of the packages require monthly fees, with or without an initial fee.
The one-time fees will cost more initially but can offer savings in the long-run. However, those packages with one-time fees will not always include the same level of ongoing support.
Advantages and Disadvantages of Epic EMR
Epic’s system can be one of the more expensive EMRs on the market, depending on the package you choose. However, most clients feel that it has the features and support to back up this price.
Overall, the software effectively makes it possible to provide quality care to patients by effectively tracking records and screening.
The Epic EMR cost includes plenty of features, strong technical support, and medication administration capabilities. It also makes collaboration easier across teams. It makes it easy for doctors and patients alike to access medical information with accuracy.
The software does not support charting or handwriting recognition.
Ready to Buy Epic EMR?
The Epic EMR is a crucial piece of software that can contain nearly everything your medical facility needs to stay organized. As such, it is not a purchase to be taken lightly.
When you are ready to buy the Epic EMR, you will need to consider the features you want as well as the size of your facility, including the number of patient records and the number of employees who require access.
These will be the most significant factors affecting the cost of the software.