Total Cost of Ownership

Better informed technology decisions

Nordic’s financial modeling and decision-support service helps healthcare organizations analyze the full cost of EHR and ERP investments.

TCO at a glance

Nordic’s Total Cost of Ownership (TCO) service offers a structured, healthcare-specific cost analysis that clarifies financial impact, supports compliance with accounting practices, and gives you the confidence to plan strategically and maximize value. We break down licenses, resources, and third-party costs using client-defined accounting standards to provide a holistic financial picture.

Solve key challenges and drive results

It can be difficult for organizations to understand the full costs of technology and the alternatives available. With Nordic’s TCO service, leaders get a holistic picture of costs and ROI before locking in a decision.

CHALlenge	How WE Solve It
Unclear financial impact of EHR/ERP decisions and long-term view	Financial modeling that outlines the total costs of a technology investment
Difficulty comparing vendor proposals and internal costs	Decision support that analyzes technology options and the associated costs
Misclassification of expenses (OpEx vs. CapEx)	Cost breakdowns that use client-defined standards to provide an accurate picture of operating versus capital expenses
Limited internal resources to launch or scale a program	Breakdowns that include per-user versus encounter pricing and other associated costs

Why choose Nordic for TCO

When you leverage Nordic’s financial modeling and decision support, you remove the financial guesswork from health IT investments. TCO helps you understand the full cost of an EHR or ERP technology before you make a decision, ensuring you select the platform that’s right for your budget and business needs.

Increased transparency, easier decision-making.