Over the last couple of years Electronic Health Records have increased in popularity. Although, Electronic Health Records have increase in popularity, the technology has yet to become universally adopted, but the gap has narrowed considerably between those who adopt the new technology and those who do not. Just like any new system there are both advantages and disadvantages to compare. Throughout the paper we will exam the effective communication and efficiency that is possible by using Electronic Health Records. We will also go over the short and long-term effects, the financial impact during the transformation to Electronic Health Records, analyze the disadvantages and advantages, and lastly recommendations that are made in regard of the technology.