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Benefits And Benefits Of The Emr Implementation

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With the costs there also came benefits that included averted costs and increased revenues and then divided up into payer independent benefits, benefits under capitated reimbursement, and benefits under fee-for-service reimbursement (Wang et al., 2003). These were assumed that they would be accrued at the end of the year. In large practices, chart pulling was a time consuming task that was done and cost an approximately $5 to obtain and retrieve this data. After switching to electronic, the transcription costs were reduced by 28%. The experts also looked into capitated reimbursement and reducing adverse drug events. Alternative drug suggestion reminders would save 15% of total drug costs. Also, the computer can improve documentation and also decrease the amount of billing errors. A five-year return on investment was created to look at the comparison between the costs and the benefits of the EMR implementation. This included all the initial costs and benefits and also the annual cost and benefits. These numbers were compared year after year for five years and the net benefit to implement EMR per provider was around $86,000. It was found that the net financial return was positive for the ambulatory health care organizations. The benefits included reductions in drug expenditures, improved utilization of radiology tests and charge capture, and also a decrease in billing errors (Wang et al., 2003, p 401). As the organization improves with more features year after year, the net

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