The United States is wasting an enormous amount of money on health care. Numerous factors are pushing up prices, including a broken fee-for-service model that encourages unnecessary consumption and industry consolidation that leaves patients and providers with less choice. But an overlooked culprit is the cost of healthcare IT. Thanks to government incentive programs like the HI-TECH Act, hospitals have largely implemented electronic health records (EHRs).   Yet even the newest systems have a fundamental flaw:  they are far too expensive to operate, and they don’t deliver results.

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