Pricing Guide Electronic Medical Records / Electronic Health Records

Category : White Paper

Pricing Guide Electronic Medical Records / Electronic Health Records

Three Common Pricing Models

Perpetual License

A perpetual license involves the company to pay an upfront amount of money to own the license for the software and to be able to use it for perpetuity. This form of license and pricing is considered to be the more traditional method. It is widely used with on-premise applications.

Subscription

The subscription model of payment for software comes with a monthly fee that companies have to pay to use the software. This subscription fee is valid only for a specific amount of time. This method of payment got wind of popularity with the rise of Software as a Service (SaaS).

Open Source

The open source payment method does not actually require any money on licensing. They usually come free of charge. This causes a reduction in the upfront costs. However the costs that companies will have to incur will be implementation, integration and ongoing maintenance costs. These can get very expensive.

Comparing Costs by Pricing Model

Perpetual License Costs

Upfront Costs

• Perpetual license fee • Customizations • Installation/setup • Integration with existing systems

Recurring Costs

• Maintenance (updates, patches & upgrades) • Premium support services

Subscription Costs

Upfront Costs

• Customizations • Installation/setup • Integration with existing systems

Recurring Costs

• Subscription fee • Premium support services

Free & Open Source Costs

Upfront Costs

• Customizations • Installation/setup • Integration with existing systems

Recurring Costs

• Maintenance (updates, patches and upgrades) • In-house or outsourced IT consultants

Total Cost of Ownership

People believe that the subscription method of payment is a cheaper and more feasible option. Even though getting a perpetual license can come with more costs upfront, the total cost will converge with the subscription packages in about seven to ten years.

Key Takeaways:

  • There are a lot of options for payment methods when it comes to installing software for your company
  • These come with various factors such as upfront costs, maintenance costs, charges for upgrades and more
  • One important factor to take into consideration is that the cost for a perpetual license that guarantees ownership in perpetuity will match up to the cost of subscription packages in nearly a decade

Please provide an email address to receive the download link.

 

By clicking the Download button, you understand and agree that the use of Whitepaper’s website is subject to the whitepapers.online terms of use and privacy policy .