The 2014 updated cost summary can be seen below:
Typical Small Practice |
Typical Medium Practice |
Typical Large Practice |
|
2018 Estimate |
|||
$83,290 |
$285,195 |
$2,728,780 |
|
2014 Estimate |
|||
Pre-implementation costs | |||
Training |
$2,700 ‐ $3,000 |
$4,800 ‐ $7,900 |
$75,100 |
Assessment |
$4,300 ‐ $7,000 |
$6,535 ‐ $9,600 |
$19,320
|
Vendor/Software Upgrades |
$0 ‐ $60,000 |
$0 ‐ $200,000 |
$0 ‐ $2,000,000
|
Process Remediation |
$3,312 ‐ $6,701 |
$6,211 ‐ $12,990 |
$14,874 ‐ $31,821 |
Testing |
$15,248 ‐ $28,805 |
$47,906 ‐ $93,098 |
$428,740 ‐ $880,660 |
Total Pre‐Implementation Costs |
$25,560 ‐ $105,506 |
$65,452 ‐ $323,588 |
$538,034 ‐ $3,006,901 |
Post ImplementationCosts | |||
Productivity Loss |
$8,500 ‐ $20,250 |
$72,649 to $166,649 |
$726,487 ‐ $1,666,487
|
Payment Disruption |
$22,579 ‐ $100,349 |
$75,263 ‐ $334,498 |
$752,630 ‐ $3,344,976
|
Total Post‐Implementation Costs |
$31,079 ‐ $120,599 |
$147,912 ‐ $501,147 |
$1,479,117 ‐ $5,011,463
|
Total Costs |
$56,639 ‐ $226,105 |
$213,364 ‐ $824,735 |
$2,017,151 ‐ $8,018,364
|
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