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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