Changing over to a new software system doesn’t usually make the news unless it has a price tag like the one that Mayo Clinic is paying to consolidate their Electronic Medical Records (EMR) system. The Rochester Post Bulletin reported that the clinic will pay about $1.5 billion for this project that will not be complete at all Mayo locations until October 2018.
The price tag reflects the huge scope of the initiative that also includes updates to the clinic’s network, security upgrades and a whole lot of training for staff. You can bet that this IT investment is no gamble for Mayo administrators, and that their decision to move forward was backed by solid data regarding the return that they expect to receive from the initiative. That’s just how SMB executives would like to make their decisions about IT investments.