Changes in hospital bond ratings after the transition to a new electronic health record

Author:

McEvoy Dustin1,Barnett Michael L23,Sittig Dean F4,Aaron Skye3,Mehrotra Ateev5,Wright Adam36

Affiliation:

1. Partners Healthcare, Information Systems, Somerville, MA, USA

2. Department of Health Policy and Management, Harvard T.H. Chan School of Public Health, Boston, MA, USA

3. Brigham and Women’s Hospital, Boston, MA, USA

4. School of Biomedical Informatics, University of Texas Health Science Center, Houston, TX, USA

5. Department of Health Care Policy, Harvard Medical School, Boston, MA, USA and

6. Department of Medicine, Harvard Medical School, Boston, MA, USA

Abstract

Abstract Objective To assess the impact of electronic health record (EHR) implementation on hospital finances. Materials and Methods We analyzed the impact of EHR implementation on bond ratings and net income from service to patients (NISP) at 32 hospitals that recently implemented a new EHR and a set of controls. Results After implementing an EHR, 7 hospitals had a bond downgrade, 7 had a bond upgrade, and 18 had no changes. There was no difference in the likelihood of bond rating changes or in changes to NISP following EHR go-live when compared to control hospitals. Discussion Most hospitals in our analysis saw no change in bond ratings following EHR go-live, with no significant differences observed between EHR implementation and control hospitals. There was also no apparent difference in NISP. Conclusions Implementation of an EHR did not appear to have an impact on bond ratings at the hospitals in our analysis.

Publisher

Oxford University Press (OUP)

Subject

Health Informatics

Reference7 articles.

1. Adoption of electronic health record systems among US non-federal acute care hospitals: 2008-2012;Charles;ONC Data Brief.,2013

2. Partners posts $108m operating loss, its largest;McCluskey;The Boston Globe [serial on the Internet],2016

3. MD Anderson runs up $102 million in losses;Loeb;Houston Chronicle [serial on the Internet],2016

4. Adverse inpatient outcomes during the transition to a new electronic health record system: observational study;Barnett;BMJ,2016

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