Sloan Kettering, Veterans Memorial Among Hospitals to Experience Significant Strain From EHR Rollouts
Beckers Hospital Review
|
Contributed by: Kate Gamble
Summary
Hospitals are facing significant financial strains due to the implementation of new Electronic Health Record (EHR) systems, as evidenced by Memorial Sloan Kettering Cancer Center's $113.2 million operating loss in the first half of 2025, despite a rise in revenue. The center's expenses surged by 9.7%, primarily driven by costs associated with the Epic EHR rollout, alongside challenges in patient activity post-launch. Smaller institutions like Veterans Memorial Hospital also reported financial losses directly linked to EHR implementation expenses. These developments highlight the critical need for healthcare professionals to carefully assess the financial implications of new technologies, as well as their potential effects on patient care and operational efficiency.