EMR Subscription Plans: Monthly Or Yearly?
When it comes to subscribing to an EMR System, there are usually two Subscription Plans you can choose from. So, in general, you can subscribe to EMR Systems on a monthly or yearly basis. Although the service you’ll be availing of might be the same in some aspects, the plans have several differences in cost, flexibility, security, and more.
As a healthcare provider, you must understand the benefits of EMR Systems for your institution. Then, you can identify which of the two subscriptions works for you and your organization in the long run.
You should know your clinic’s specific needs and circumstances to determine which option is better. As a result, your clinic can make an informed decision. Therefore, you should see the difference between the two EMR packages or plans.
THE DIFFERENCE BETWEEN MONTHLY AND YEARLY EMR SUBSCRIPTION PACKAGES
There is a significant difference between monthly and yearly EMR Subscription Plans. Thus, you need to know which option provides your business with the benefits. In that regard, here are the pros and cons of both subscriptions.
ADVANTAGES OF A MONTHLY SUBSCRIPTION PACKAGE
To understand the benefits of the monthly EMR application subscription, you need to know what advantages it gives your organization. The following are its pros:
FLEXIBILITY
You can trust a monthly subscription for flexible EMR Systems that manage Patient Data. The monthly option offers more flexibility in adjusting your usage and costs based on your clinic’s general needs. Moreover, with a monthly option, it’ll be easier for you to upgrade or cancel the subscription at any time.
LOWER INITIAL COST
One of the perks of a Monthly EMR Subscription is that you can save on costs. Since you’ll use it for a month, smaller clinics prefer this option, as it requires fewer initial costs and provides premium support offerings.
LESS COMMITMENT
If you’re unsure which EMR subscription to select for your clinic, you should choose a monthly option. After all, short-term availability allows you to test the software before committing to a more extended contract. Fortunately, you can evaluate the EMR software’s usefulness within a month of testing.
DISADVANTAGE OF MONTHLY EMR SUBSCRIPTION PLANS
Aside from the pros of the EMR Systems’ monthly subscriptions, you must also understand the disadvantages. That way, you can determine if the EMR plan is worth your time and money. And one of the common cons of subscribing to a monthly plan is it does not offer a discount.
NO DISCOUNTED PRICE
One of the known cons of availing a monthly EMR Subscription is that you can’t get some discounts for the price of your chosen plan. And since plans are expensive, providers can’t offer the same discounts as they do in annual packages.
In some cases, healthcare providers choose the yearly subscription as it gives the best discounts. Although there are other monthly discounts for some plans, it provides a different price and term than the yearly ones.
But despite the lack of discounts, it can be a good option for customers wanting to pay on a monthly basis. That said, you should carefully consider and evaluate the contract to get the best value for your money.
ADVANTAGES OF YEARLY EMR SUBSCRIPTION PACKAGES
A yearly EMR subscription has its own set of benefits it can offer people. Understanding the advantages of this plan enables you to realize why it might be a good choice for your clinic. That said, here are the pros of an annual EMR subscription.
LOWER LONG-TERM COSTS
A yearly plan for your EMR Software requires you to pay lower long-term costs than the short-term option. Moreover, you can significantly reduce your expenses with a yearly plan. EMR providers offer valuable rates for an annual contract. So, use this opportunity to enjoy the software to the fullest!
SCALABILITY
Having a yearly EMR Subscription Plan or Package for your healthcare facility allows you to assist a number of patients. You can scale up or scale down users depending on what you need in your organization. So it is best to choose an EMR software that is scalable enough for you and your business.
EASIER BUDGETING AND PLANNING
Budgeting and planning are easier when you choose an annual EMR Subscription. For instance, your organization can manage your costs as you already know how much you’ll pay for the long-term service. As such, subscribing to a yearly EMR subscription will help you with your budgeting.
DISADVANTAGES OF YEARLY SUBSCRIPTION PACKAGES
Of course, annual EMR Subscription Plans have their fair share of cons. These drawbacks can contribute to your final decision on whether to proceed with the yearly subscription. You need to know some disadvantages of the long-term option before committing to it.
HIGHER UPFRONT COST
The overall costs you’ll pay for a yearly subscription are lower than what you spend in the monthly plan. Still, there’s no doubt that you will be paying a higher upfront price for the whole year. But, this can vary depending on the advanced EMR features you plan to avail.
LONG-TERM COMMITMENT
Being committed to an annual plan can be why you will be in a lock-in period. Since it’s a long-term commitment, you can’t simply cancel or change the time you want to use the software. Furthermore, there is a significant contract period that you need to follow. So, if you ever wish to end the contract, you must pay the incurring fees no matter what.
POTENTIAL FOR OBSOLESCENCE
There is a possibility that yearly subscriptions can become obsolete over time due to the many changes in the standards of technology. Thus, healthcare providers may be locked into an Electronic Medical Records System that does not meet their needs. That said, it would cost much of your time and money.
FINAL THOUGHTS
Choosing the right Electronic Medical Records Subscription is the first step to elevating your patient tracking process. Being aware of the best EMR Subscription Plans or Packages for your clinic allows you to carefully evaluate your options as early as possible.
You must use the EMR Software to the fullest extent, whether you decide on a monthly or yearly basis. And once you can understand the differences between the two, choosing the subscription plan that meets your clinic’s needs and budget will be easier.Whatever pricing plans you settle on, you can count on Electronic Medical Records in the Philippines to support your clinic’s routine workflows.
