Deciding Between Build vs. Buy: Factors and Considerations

The execution of an Electronic Health Record (EHR) project presents two primary avenues: building and installing the system in-house or procuring it from a vendor who will both supply and install the system, delivering it upon completion, known as a Turn-Key basis. In making the Build vs. Buy decision, several factors come into play. What factors would you consider for making Build vs. Buy decision? What are the pros and cons of each method? Which of these approaches would be optimal for your specific facility type, and why? Additionally, delineate the steps you would undertake for the chosen approach and how you would address any obstacles to implementation.

Your report, adhering to APA format guidelines, should span 2-4 pages, double-spaced, and typed in either 12-point Times New Roman or 11-point Calibri font, excluding the Cover and Reference pages. Ensure the incorporation of credible evidence to bolster your findings.