Question

Information on Financial Analysis for Epic Systems (EHR systems)

Information on Financial Analysis for Epic Systems (EHR systems)

Homework Answers

Answer #1

Epic or Epic Systems Corporation is a privately held company, which plays a major role health care organisation to access, organize, stores and share electronic medical records. Most of the medical records of the patients are held by the software of the company in country.

Epic or EHR projects brings a lots of cost benefits to the company.Eventhough the starting investment of has to put a huge amount, even during the annual expenditure. They also helps in financial crisis by helping reduce costs and decrease revenues.

Federal government has established the company in 2009, in order to promote adaption of EHR through meaningful use of technology. The company collaborate with other industries in management of finance. The company has a reputation as both as technological leader and one that which comes with expensive price,sometimes more than billion for its products and related installations.

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