ELECTRONIC MEDICAL RECORDS

IMPLEMENTATION

WHY TO USE NEW SYSTEM?Electronic Medical Records

Medical Record ErrorsIllegible handwritingMedical AbbreviationsHandwritten medical notesAccuracy

But is costlyTrainingSetting up software

STEPS FOR IMPLEMENTATION

Choosing Software Choosing Vendor Testing Training Support

FINANCIAL PROS AND CONSCapital Expenditure

Long-term improvement Costs

Medical equipment expenditure Very costly lawsuits Electronic Medical Records will reduce

medical errors

FINANCIAL PROS AND CONS CONTINUED

Current valuevalue of a future payment on a given date

Definitely financial gain - Huge saving on implementing an EMR

Reduction in Lawsuits

Undesirable Drug Events Needless medical testing Additional hospital stays Unapproved claims

FINANCIAL PROS AND CONS CONTINUED

Projected Revenueto estimate what will the revenue be

Electronic Medical Records save expenses by Reduction in

Office personnel and staffstranscriptionistschart storage cost

Enhancesemergency room codingevaluation and management coding

FINANCIAL PROS AND CONS CONTINUED

Opportunity CostsThe cost of passing the next best choice when acquiring a

decision

One option vs another option Implementation cost Comparing financial loss in each options

FINANCIAL PROS AND CONS CONTINUED

Overall CostsCosts required to implementing EMR

Hardware Software Training

staffsupportuser friendly

SURPRISE COSTS Legal Threats

Reduction in Lawsuits Lifetime storage

MaintenanceYearly maintenance costIncrease in utility bill

INCENTIVES

Federal grants• Medicare incentives• Tax credits• Software stimulus packages

REVIEW Advantages

Patients• Improved healthcare• Accuracy• Faster treatment & decisions

Organization• Transferring patient information• Increased number of patient seen daily• Reduced operational costs

REVIEWDisadvantages

Patient• Privacy• Distractions• Reduced personal touch

Organization• Costly• Maintenance• Training

CONCLUSION

REFERENCES

REFERENCES