Mayo Clinic is expected to pay about $1 billion over the next five years to implement Epic for a single integrated EHR, replacing Cerner and GE, according to its 2015 annual financial report filed last week. According to the Minneapolis/St. Paul Business Journal, Mayo said the five-year EMR deal will exceed $1 billion and plans invest $1.5 billion in its IT infrastructure. Terms of the contract were not disclosed in the report.
Epic’s EHR will serve as the foundation for Mayo Clinic operations over the next several decades. More than 45,000 Mayo staff will be trained to use the new electronic health record and revenue cycle management system.
Earlier this year, Mayo sold its 62,000 square-foot data center located in Rochester, MN to Epic for $46M in a sale-leaseback deal. Under terms of the sale-leaseback deal, Mayo Clinic will lease the data center from Epic for at least four years. The deal also includes an option to continue the sale-leaseback deal forever.
