A recently released study by the Medical Group Management Association (MGMA) revealed both hospital-owned and independent practices using an electronic health record (EHR) system did better financially than their colleagues who used paper records.
The subsequent report, Electronic Health Records Impacts on Revenue, Costs, and Staffing: 2010 Report Based on 2009 Data, showed that while expenses increased for EHR practices, revenue per physician also increased. EHR practices enjoyed greater financial benefit as they became more experienced with their systems.
William F. Jessee, M.D., president and CEO of MGMA, said, "While the implementation process can be very cumbersome, these data indicate that there are financial benefits to practices that implement an EHR system."
Read more on the MGMA website.