Cost Of Health Care Industry

In the medical field there have been a lot of technological advances and making health records electronic is one of them. The days of having a paper health record are almost obsolete. An electronic health record keeps a patient’s medical information and history on a computer which is accessible to more people in less time. I will explain how the continuity, communication, coordination and accountability of the electronic health record can help the medical office. I will explain what can be included in the electronic health record. As an advocate of the electronic health record I will also explain some disadvantages to the electronic system.

In a healthcare world that operates on stringent budgets and margins, we begin to see the need for a higher capacity healthcare delivery system. This in turn puts pressure on the healthcare organizations to ensure higher standards of patient care, and compliance with the reform provisions. However, these are the harsh realities of today’s healthcare environment, a setting in which value does not always equal quality. The use of technology can help to amend some of this by providing higher capacity care without compromising quality; this can be done with the use of such technology as electronic health records (EHRs). This paper will aim to address how EHRs influence healthcare today by expanding upon topics such as funding sources, reimbursement methods, economic factors, socioeconomic factors, business influences, and cost containment.

This case analysis of Stanford’s Hospital and Clinics (SHC) electronic medical record (EMR) system implementation will focus on how the healthcare organization focused on resolving a problem to meet regulatory pressures and responded to an opportunity to create operational efficiency, by capitalizing on the use of information technology to help reduce costs. We will discuss the organization’s IT problems, opportunities, and the alternatives available to address each. We will summarize an analysis of potential alternatives including the organization’s EMR system of choice and conclude with a recommendation to the Board on how to rollout the new system.

The healthcare industry consists of many strengths and weaknesses during the improvement of patient safety, efficient operations, reduction of medical errors, and ensuring that they provide timely access to all patient information. This will have to still comply with all legal guidelines as they control costs and protect patient privacy. The adoption of advanced information technology is a popular strategy being used in the healthcare industry because it allows their weaknesses to be progressively diminished as they gain and use the opportunities necessary as an analytical tool. This would allow their capabilities to be further developed with the new technologies and processes used as they unify the adoption of IT standards. In order to stay competitive within the healthcare industry, then there must be specific actions and measures that must be taken to ensure a positive outcome. This includes external opportunities to increase the capability of the IT infrastructure in a national environment as the growth of industry standards are met in order to decrease the pressured threats of legal compliance through patient trust and the high cost of IT. The growing recognition of strategic leadership often leads to both improved financial stability and contact accessibility of the system. Some challenges that may occur within the healthcare system may cause issues in a hospital setting because of the centralized society of an organization. This is because of the different visions and

Health care expenses are a never ending headache that create numerous liabilities. Liabilities are created when goods or services are purchased on credit and obtained through short- term and long- term loans. Health care expenses create liabilities such that payments are made late or no payments are made at all. In some cases, the cost of health care expenses are unaffordable resulting in those type of payments. To prevent large health care debt, many individuals seek health insurance. Health insurance is provided by private insurance companies or by the government. It covers health care expenses and provides the necessary health care. Although, health insurance is necessary it can also be very costly.

The software related Electronic health record implementation need to be appropriate for the needs of the organization and budget.(Swab, & Ciotti, 2010) The EHR software system has many areas of market depending upon the size of the hospital bed size. The first criteria for the vendors according to the bed with 100 and small hospital The Electronic health record system cost about between $ 1 million and 2 for the electronic health record system The electronic health record software cost for the organization about medium hospital cost is much larger than the first one. It comes around three to ten million. The hospital and organization with more than average bed cost for the electronic health record system will be higher amount than the other one. The cost and amount of electronic health record system will depend upon the size of the hospital . The management has to decide about the budget for the organization. (Swab, & Ciotti, 2010). The organization must evaluate its mission and goals in light of its particular strengths and weakness and in light of the demand for services and competition in the external environment. Based on that evaluation it can make a plan that will take advantage of opportunities like Electronic health record implementation according to the goals of an organization.(Finkler, Ward, & Baker, 2007).

Electronic medical record or EMR is information technology applications. These are helping managers improve methods in facilities. Health care technology is improving and evolving EMR is an important part of that component. Health information technology helps with health care organization to keep an accurate track with patient medical information. There is also Clinical Decision Support System that helps with figuring out diagnostic treatment recommendations it helps nurses or doctors it is referred as CDSS. Electronic Management Material is used in health facilities or EMM helps with tracking inventory, such as medical supplies, pharmaceuticals, and others. These applications help to improve quality in the health care facility or services at FMHC. It helps managers keep accurate data to make sure doctors have the right information on patients and his or her care. The managers at FMHC can look through the CDSS databases and collect the correct information to see warnings on drug interactions on prescriptions to clinical protocols. The EMM can ensure the organization has the supplies

Living in a world full of technology, more and more of us are overall connected to computerizing, and we expect it to do everything for us. Many years before we didn 't have technology, and mostly everyone was into making it. Now if we look at our world, everything is mostly done online. More Canadians do shopping online, students receive more knowledge about the subject their learning online, booking hotels, flights, and even do schooling online. Though looking after all this, most patients in Canada are still handed with paper based records. When we go to the doctor, most of us still receive handwritten prescriptions and our records are unrecognized.

Cost, the number one thing on people’s mind nowadays. People’s worry about the cost of healthcare usually leads to them being uninsured. For my healthcare system, I want it to publicly funded by public taxes (private donations are always welcome), similar to how healthcare in Europe is modeled. For check ups and routine things, the cost of those visits will be covered, if one visits a preferred doctor provided by the healthcare company. But if the medical expenses go over a certain amount, the patient will have to pay a percent of the cost. Such as if you go to the doctor a yearly check up, that visit will be covered. If the doctor happens to find a brain tumor and surgery is required and the costs exceed the amount able to be covered, a percentage of the remaining amount will be billed to the patient and the rest paid for by the healthcare system. I believe this is the fairest way of rationalizing and dividing up the cost and the money of a healthcare system. Routine things should not cost an arm and a leg, I believe they should be free to promote good health and wellness. But at the same time, the system should not be completely free, because then taxes would be ridiculously high. Also, to make sure patients are not getting ripped off, I would impose price control. This would only affect doctors that are under our healthcare system. Private practices can continue to run independently since they are not funded by the public. Although the public doctors will get paid less,

Besides the disadvantages of (EMR)’s the advantages pose great benefits to patient care and efficiency. The greater use of electronic medical records or health records can reduce wait times, of seeing doctors or waiting for test results. All staff would need to cohesively work out the technical challenges and software data. With sophisticated IT

According to Menachemi and Collum(2011) the implementation of the electronic health record is a necessary but not sufficient part in the transformation of the health care system. The system will be important in a way that they have clinical, organizational and societal outcomes that can be positive or negative depending on the effect of the system on the organization whether short term or long term.

Electronic Medical Records or Computerized Medical Record System what is it and what are the advantages along with the disadvantages of using this system? That is what we will discuss in this paper.

Electronic Medical Records (EMRs) are now exercising a more significant impact on healthcare practices than ever before. The United States healthcare system stands on the brink of a new age of electronic health information technology. The potential for innovation within this new technology represents a great opportunity for the future of medicine. However, in seeking to implement EMRs caution must be exercised to ensure that implementation does not have adverse effects on the personal nature of the patient-physician relationship an important issue that must be addressed in order preserve the integrity of healthcare in the new electronic age.

For a medium-sized urban hospital with 160 beds and 1,500 associates to be able to gain the trust and confidence of patients and compete with mega-hospitals in the healthcare industry, the management of the hospital would have to explore new technologies that would enhance the quality of services and patient care rendered to customers. Further, to ensure that all the departments in the hospitals such as ICUs, mother & baby, emergency services, radiology, oncology, surgery, and operating room (OR) would have to function efficiently and improve the patient experience. New EMR application would improve the security of patient’s information and ensure timely retrieval of medical records such that the quality of diagnosis would be enhanced significantly. As the IT director, it is my responsibility to make sure that the hospital system has a robust IT network that would enable efficient information flow within

In today’s medical field technology plays a big role when it comes to patient care. Technology is huge when it comes to giving the patient the best type of quality care when they are in the hospital. In the old days people would just write it down on a sheet of paper and record it by hand, which caused mistakes. Now with the Electronic Health Record those mistakes are drastically declining. Statistics have shown that using the Electronic Health Record has lowered Nursing mistakes as well as improved patient care. Our society has progressed through the years and has been introduced with the Electronic Health Record which has drastically improved our health care system. The Electronic Health Record provides great communication between