Administration at the community hospital system (which includes an inpatient hospital, skilled nursing facility, durable equipment company, mental health facility, and outpatient counseling center) will begin a conversion project from the current EHR to another that will allow all the facilities access to one EHR. The estimated cost of the new EHR is $1,750.00. The saving with the new system is estimated to be $475,000 per year. What is the payback period? Round to two decimal places.

Answer rating: 100% (QA)

To calculate the payback period we use the following ... View the full answer