An Electronic Health Record System

814 Words Nov 8th, 2015 4 Pages
In today’s meeting we will discuss the justification of the capital expenditure. Any acquisition of capital needs to equate to a feasible and profitable return on investment for stakeholders. While this holds true in any industry, not just healthcare, the implementation of an electronic health record system must be critically analyzed, as the purchase is a huge undertaking. We can look closely at a cost-benefit analysis of an electronic medical record in an ambulatory primary care setting to get a better understanding of all the factors involved. The study was published in The American Journal of Medicine. The data was gathered from several internal medicine clinics. The primary goal was to measure net finical costs or benefits per provider during a comprehensive 5-year period.
System costs and induced costs are the two types of cost associated with EMR implementation. System costs include the purchase of the software and hardware, training, implementation, and the ongoing maintenance/support to keep it efficiently operating. Induced costs are the hidden costs that are linked to the transition from paper to electronic. Induced costs include the short time of decreased in provider productivity after implementation due to unfamiliarity. The study consisted of a fictitious primary care provider patient panel using average statistics. The panel size was 2500 patients, 75% under 65 years of age; 17% under 65 years old belonged to capitated plans. The system costs…
Open Document