February 4, 2015 - When it came time for The Valley Hospital (Ridgewood, NJ) to evaluate their EHR options back in 2012, the hospital decided to take a different approach. In determining the value of migrating to MEDITECH's 6.1 platform, they analyzed the total cost of ownership (TCO) for a full decade, instead of the more typical five to seven years — to help improve their organization's stability and longevity.
CIO Eric Carey explains their findings: that reviewing ROI over a 10-year span makes a lot of sense for an EHR investment in the double-digit millions.
Read all about Valley Hospital's 10-year forecast and best practices in a recent Becker's Hospital Review article.