Determining the total cost of ownership (TCO) for a strategic information system investment. TCO is a critical part of the leaders' role in using technology in a transforming way. The Return on Investment Analysis depends upon reliable estimates of both the capital outlay and ongoing operational costs associated with the initiative over a period of time. This Assignment focuses on outlining both the capital and ongoing operational costs associated with a typical technology investment. You will outline the costs and, as importantly, the assumptions that you used in deriving these financial estimates.

HIT Description: Hypothetical cloud-based Ambulatory Electronic Health Record (AEHR) systems. The organization has a budget of $150,000

Cost of EHR $100,000 (one-time cost)

Hosting Fees: One-time setup fee $10,000

Maintenance & Support = $545 per month

Monthly Access fees: $245 per physician

Monthly Access fees: $185 per nurse

Monthly Access fees: $120 per secretary

Monthly Maintenance fees: $750/month

Considering the practice has 3 physicians, 5 nurses, 2 Secretaries

Evaluate the ROI in implementing an AEHR.

Include the following aspects in the assignment:

Explore two to three benefits of the cloud-based EHR system

Calculate the annual operating cost for the business.

Does the organization budget enough money to cover this project?

The company is currently spending $175,000 per year on its legacy system (EHR system that is currently being used).

Does it make sense to move with this new cloud-based Ambulatory Electronic Health Record (AEHR) systems (Please provide your financial analysis)?