Calculate the payback period

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Reference no: EM133869940

Question

The electronic health record at Community Hospital is not certified to achieve the next stage in meaningful use. The board of directors approved a project to implement a new EHR that will allow the facility to meet meaningful use requirements and to allow all clinics and the hospital to be on the same EHR. The estimated cost of the new EHR $62,550,000. The functionality of the EHR is estimated to save $675,000 per year. . Calculate the payback period.

Reference no: EM133869940

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