As Nursing Homes In Fight to Remain Open, EHR Company Offers Relief in the Form of Value-Based Pricing
Summary
The average long-term care software system costs about $50,000 annually, and now many facilities are struggling to pay their EHR bills due to low census numbers during the COVID-19 pandemic. Experience Care’s per patient day (PPD) system means that the software vendor lowers its charges when its product is being used less. “If your census numbers are down, our PPD pricing has the built-in cost containment to help you out,” said Charles Oliver, the director of customer success. “With our value-based pricing system, even a 100-bed facility that drops by just ten residents could save thousands of dollars annually,” said Long. “We’re partnering in your success and your hard times.” This new development is just the first of a number of innovative financial solutions presented by Experience Care to help alleviate the pressure on nursing homes struggling to stay in business under exceptionally difficult COVID-19 related conditions.