Assessing the Value of Electronic Medical Records

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Assessing the Value of Electronic Medical Records Introduction The potential for Electronic Medical Records (EMR) to transform healthcare making it more accurate, efficient and cost-effective is significant. Studies indicate that the most common workflows and processes that EMR systems are used for automating can save a healthcare provider up to 67% of the total costs of correcting error-filled reports and minimizing the costs of malpractice insurance as a result (Walker, 2005). The best and most significant Return on Investment (ROI) of all however are the significant gains made in patients' recovery time and effectiveness of treatment programs (Darr, Harrison, Shakked, Shalom, 2003). Between the cost reductions made possible through effective use of EMR systems and the ROI of saving lives, the collection of these technologies, systems and processes show significant potential in streamlining patient-based workflows while increasing the quality of care (Richards, Prybutok, Ryan, 2012). Analysis Of EMR Benefits To The Patient And Healthcare Providers The greater the accuracy and efficiency of analysis and diagnosis of a given condition or disease, the more completely a physician can define a treatment plan with a high probability of success. EMR systems provide a single system of record for the entire treatment history of a patient, including any previously-attempted treatment programs and their results (Walker, 2005). This system of record on a per-patient basis
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