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 value

value 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 staffs

transcriptionists

chart storage cost· Enhances

emergency room coding

evaluation 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 Costs

Costs required to implementing EMR· Hardware· Software· Training

staff

support

user 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