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MPM and EMR costs
If you’re purchasing in-house software, pricing starts between $1,500 and $4,000 and can go as high as $10,000 to $15,000 and more depending on the complexity and customization of the software. You also may need to purchase servers and hardware to properly maintain the software which can run in excess of $40,000 to $50,000 so expect to budget for that as well.
The pricing can be made up of different factors including the number of doctors using the software, the number of different users accessing the technology at one time, and how many computers will have the software installed. While the up-front investment can be high, the vendor may work out a payment schedule with you so you can spread the cost out over time.
For a lesser burden on your budget, ASP software involves considerably smaller expenses ($500 to $1,000) and a monthly fee for the service that can cost $40 to $350. Unlike other types of software, MPM vendors may charge for usage rather than a flat fee with costs ranging from 50 cents to $1.00 for each transaction.
In addition to set up and monthly costs, you could be responsible for another set of costs if they aren’t included in the pricing. This may include data transfer and exportation fees, additional service and support, intensive training, software branding, and more. Depending on the vendor, you may have to pay for software upgrades for in-house applications; ASP vendors typically include updates in the monthly fee.
Two important things to keep in mind:
- The vendor should provide a detailed list of all fees that you are responsible for.
- You should be able to take data with you if you decide to cease working with a particular vendor. It’s dangerous to trust your vital patient information to an application that could lock you out if you want to go elsewhere.