5 Epic contracts — and their costs — so far in 2016

Selecting an EHR requires a considerable investment of time, manpower and money, though implementation timelines and costs are highly variable.

Here are five new Epic contracts announced this year.

1. Marlton, N.J.-based Virtua Health System selected Epic's EHR and will implement the new system in two phases over the next two years. The EHR is schedule to go live in ambulatory settings in October 2017 and in acute care settings in March 2018. The health system did not disclose terms of the contract.

2. Though Rochester, Minn.-based Mayo Clinic announced plans to switch to Epic's EHR in early 2015, the system did not disclose the value of the contract. Stock analysts initially said it was worth "hundreds of millions of dollars over several years." However, new reports indicate Mayo expects to spend $1.5 billion on the implementation and infrastructure over the next five years.

3. South Georgia Medical Center plans to invest $50 million in a new Epic EHR over the next five years. The hospital is switching from McKesson's EHR, which is sunsetting its Horizon product suite by the end of 2017.

4. Mount Vernon, Wash.-based Skagit Regional Health has allocated $72 million in its 2016 budget for a new Epic EHR. The health system expects the implementation to take approximately 18 months, with a go-live scheduled for mid-2017.

5. Midland, Mich.-based MidMichigan Health plans to invest $55 million in a new Epic EHR. The health system plans to rollout the new software at all its hospitals, physician offices and outpatient care facilities in its 15-county region with a go-live for hospitals and physicians offices scheduled for April 2017.

Note: A previous version of this article misstated the cost of Skagit Regional Health's Epic implementation. We regret the error.

More articles on Epic:

Putting Epic's EHR to work: Hawaii Pacific executives on the intersection of health IT & quality
8 questions with Epic CEO Judy Faulkner
OhioHealth integrates app with Apple Health data into Epic

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