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Wednesday, March 11, 2009

Wal-Mart shops e-health records market

By Marc Songini

Westborough-based electronic health records provider eClinicalWorks LLC intends to offer its system through Sam’s Clubs.

The company confirmed a New York Times article published yesterday indicating that the massive retailer Wal-Mart Stores was looking to enter the electronic records market. Wal-Mart’s intent is to offer an electronic records capability to small physicians’ practices at a low price.

Wal-Mart will team with Dell Computer Corp. for the hardware, and eClinicalWorks for the application. Wal-Mart says the combined package will include hardware, software, installation, maintenance and training services. The price will undercut rivals by as much as half, according to the article.

The Sam’s Club package will roll out this spring and run at about $25,000 for the first physician in a practice. From there on, it will cost about $10,000 per additional doctor. Maintenance and support will run from $4,000 to $6,500 annually.

“This should put pricing pressure on the industry, making it more affordable for physician practices to implement electronic medical records systems,” a spokeswoman for eClinicalWorks stated in an email. She added that the price of the software is covered in the initial list price, and there is no maintenance and support cost incurred thereafter.

Girish Kumar Navani, CEO and co-founder of eClinicalWorks also stated that this partnership will help reduce the cost of healthcare while aiding providers in giving the best medical care possible. “Initiatives like this, along with President Obama's support of electronic medical records (EMR), could be the catalyst to wide-spread EMR adoption.”

EClinicalWorks is a privately held vendor in the ambulatory clinical systems market. Its electronic medical record and practice management solutions cover every market segment, the company claims. Customers include Massachusetts eHealth Collaborative, Electronic Health Records of Rhode Island and the New York City Department of Health and Mental Hygiene. It boasts a customer base of more than 20,000 providers across the country.
 

 

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Comments (2)

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Posted by: befree1010@h... / Saturday, March 14th, 2009 - 12:35 pm EDT
If a company like CVS or UMass Medical don't have good practices for keeping pharmacy and other info private (ever have them yell your full name or ask you in public about a medication or condition?) then how do we expect WalMart to? eHR software provides a structured database, not the rules of treating info like aides, herpes, alcoholism, ... confidential. And are the employees bonded or background checked or... This issue is bigger than WalMart especially when this info can be used to deny health insurance.

Posted by: engdahljohnson@l... / Wednesday, March 11th, 2009 - 7:49 pm EDT
Wal-Mart announced that it would market electronic record systems to small physician practices, a group that has not adopted these systems as widely as integrated payer and provider groups such as the Veterans Administration and Group Health. This is not the first time Wal-Mart has provided a low-cost alternative in healthcare. Milliman principal and consulting actuary William Pollock recently published research about the market-changing success of Wal-Mart’s $4 generic prescription drug offering. At www.healthcaretownhall.com

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