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ELECTRONIC MEDICAL RECORDS IMPLEMENTATION

ELECTRONIC MEDICAL RECORDS IMPLEMENTATION. Why to use New System?. Electronic Medical Records Medical Record Errors Illegible handwriting Medical Abbreviations Handwritten medical notes Accuracy But is costly Training Setting up software. Steps for Implementation.

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ELECTRONIC MEDICAL RECORDS IMPLEMENTATION

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  1. ELECTRONIC MEDICAL RECORDS IMPLEMENTATION

  2. Why to use New System? Electronic Medical Records • Medical Record Errors Illegible handwriting Medical Abbreviations Handwritten medical notes Accuracy • But is costly Training Setting up software

  3. Steps for Implementation • Choosing Software • Choosing Vendor • Testing • Training • Support

  4. Financial Pros and Cons Capital Expenditure Long-term improvement Costs • Medical equipment expenditure • Very costly lawsuits • Electronic Medical Records will reduce medical errors

  5. 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

  6. Financial Pros and Conscontinued Projected Revenue to 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

  7. Financial Pros and Conscontinued Opportunity Costs The cost of passing the next best choice when acquiring a decision • One option vs another option • Implementation cost • Comparing financial loss in each options

  8. Financial Pros and Conscontinued Overall Costs Costs required to implementing EMR • Hardware • Software • Training staff support user friendly

  9. Surprise costs • Legal Threats Reduction in Lawsuits Lifetime storage • Maintenance Yearly maintenance cost Increase in utility bill

  10. Incentives • Federal grants • Medicare incentives • Tax credits • Software stimulus packages

  11. Review Advantages Patients • Improved healthcare • Accuracy • Faster treatment & decisions Organization • Transferring patient information • Increased number of patient seen daily • Reduced operational costs

  12. Review Disadvantages Patient • Privacy • Distractions • Reduced personal touch Organization • Costly • Maintenance • Training

  13. Conclusion

  14. References

  15. References

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