The Obama administration's investment in the adoption of health information technology has been huge: The $27 billion incentive mandate requires most physicians to adopt electronic medical recordkeeping.

Though it sounds like the investment should pay off, docs say it's simply not worth it.

A survey of 1,000 physicians for Medical Economics shows widespread dissatisfaction related to the functionality and cost of these patient record systems, with nearly 70 percent saying the investment isn't worth it. About 45 percent of physicians believe patient care is actually worse as a result of adopting EHR technology, two-thirds said they wouldn't purchase their EHR system again, and 43 percent of physicians say these systems have resulted in "significant financial losses."

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.