cost benefit
See the following -
Canada reaps major benefits from using EHR systems
As some U.S. lawmakers still remain skeptical about the long-term value of federal health IT investments, a PricewaterhouseCoopers report on EHRs in Canadian physician practices pegs the efficiency and patient benefit value at about $1.3 billion since 2006. Read More »
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Early adopters of EHR systems starting to reap major benefits
Electronic health record (EHR) adoption has been fastest at larger, more technology-savvy medical organizations, while smaller practitioners -- which make up the bulk of U.S. clinicians -- have been slow on the health-IT uptake for a variety of reasons, chief among them the cost, but also the training time and effort needed to make the move from paper. Read More »
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Expect an Upcoming Shake-up of Health IT Vendors in the Marketplace
Medical Economics just published their report listing the "The Top 100 EHR Companies in 2013". It makes for very interesting reading. According to the report, best estimates by the government currently show over 700 companies that now offer 'certified' electronic health record (EHR) systems to healthcare providers. These companies range from publically-traded software companies to start-up enterprises - and everything in between. However, the future viability of these vendors and their EHR systems has become an issue. 'Open source' EHR alternatives may offer a low risk alternative to many of proprietary vendors on the list. Read More »
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HIMSS Releases "Health IT Value Suite"
On July 16, HIMSS announced the release of their Health IT Value Suite. It is a very useful and comprehensive knowledge repository that "classifies, quantifies and articulates the clinical, financial and business impact of health IT investments." It will be useful to vendors and users of both proprietary and 'open source' health IT solutions. Read More »
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Value Measurement and Return on Investment for EHRs
Health care provider institutions today are faced with many new challenges, including the need to implement Health Information Technology (HIT) solutions, especially Electronic Health Record (EHR) systems. However, these institutions are also faced with a demand for capital investments outpacing their available funds. This means HIT or EHR projects must compete against other capital investment requests for scarce funds. Senior management teams will need to see the business and quality case that justify the return on investment (ROI) and return on quality (ROQ) before significant financial commitments for health information technology are made.
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