IDC picks 11 EHRs that offer the best tools and strategies for small medical groups to meet Meaningful Use incentives and prepare for healthcare reform.
"Allscripts Professional EHR still has a significant market share, but they've seen a bit of stalling in new business, and I'm not seeing growth as rapid as some of the other products in this group," Hanover said. "Obviously there's been a bit of uncertainty in Allscripts business model."
During the next four years, small practices will prove to be a very lucrative area of business. According to Hanover, EHR adoption rates among small practices are currently between 25% to 30%, and she expects them to jump to 80% by 2016.
While many small practices will be purchasing an EHR to qualify for Meaningful Use incentive payments (up to $44,000 from the Medicare program and up to $63,750 under the Medicaid program), the report urges these practices to plan for the longer term and consider how digital patient information will help them prepare for a modern, competitive healthcare environment.
That new healthcare environment will require that EHRs support new models of care, such as Accountable Care Organizations, health information exchanges, and improvements in the coordination of care through the use of mobile devices.
Given this new reality, IDC Health Insights urges small practices to buy EHRs that can be customized to support clinical workflows while maintaining productivity. It also recommends EHRs that possess strong decision support capabilities; interoperability; mobile connectivity; and clinical, financial and operational analytics. "Purchasing an EHR is an opportunity to set the stage for small practices to operate in a new healthcare reform environment that has an accountable care delivery model," Hanover said.
Small practices with limited budgets and few IT resources should focus on the price of the product, the financial stability of the vendor, and the licensing models being offered, advises Hanover. "There is very little margin for errors or workflow problems," she said. "It's important for them to really look for a product that meets their needs and a vendor who is going to support them going forward."
The report also listed barriers to EHR adoption. Not surprisingly, costs associated with licensing applications, implementation, and maintenance are the primary barriers. Small practices implementing EHRs face additional challenges, including workflow disruptions, the need to change staff behavior, and the negative impact EHR adoption can have on revenue.
Get the new, all-digital Healthcare CIO 25 issue of InformationWeek Healthcare. It's our second annual honor roll of the health IT leaders driving healthcare's transformation. (Free registration required.)
Top IT Trends to Watch in Financial ServicesIT pros at banks, investment houses, insurance companies, and other financial services organizations are focused on a range of issues, from peer-to-peer lending to cybersecurity to performance, agility, and compliance. It all matters.
Join us for a roundup of the top stories on InformationWeek.com for the week of September 25, 2016. We'll be talking with the InformationWeek.com editors and correspondents who brought you the top stories of the week to get the "story behind the story."