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Understanding Residual Worth
“Ask an Advisor”
Submitted by an Anonymous, MD
Greetings!
I am in a three man Neurology practice. Five years ago we invested in an all inclusive EMR / billing system with A4 Health Systems and Allscripts. The system cost close to $60,000 and has been constantly upgraded (for “free”). There are also yearly “maintenance” fees of about $7,000. Each physician also had to get a license at a cost of $7,000 each. A license now per physician is $13,000!
Buy-Out Value
I am going to be leaving the practice in one year and would like to know how I go about getting the EMR appraised for my buy-out. I am not about to turn this very valuable system over to my partners as a “going away gift”. The system has been upgraded several times a year and the practice obviously could not run without it (i.e.: it is a tangible asset and has continued value in use).
Assessment
PCs, printers, etc. may have depreciated in value but the system has not especially since it has been upgraded on a regular basis. Can you refer me to someone who is familiar with appraising EMR systems?
Conclusion
And so, your thoughts and comments on this ME-P are appreciated. How do you appraise a “used or second-hand” eMR system? Does it have any residual value at all! Feel free to review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, subscribe to the ME-P. It is fast, free and secure.
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Filed under: "Ask-an-Advisor", Information Technology, Practice Management, Practice Worth | Tagged: A4 Health Systems, Allscripts, eHR, eMR Billing System Value, eMR residual value |
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 
The system won’t have residual value but the data certainly will. It could be worth as much as $20 to $50 per patient record.
Shahid N. Shah MS
http://shahid.shah.org/
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