Choosing The Appropriate Emr ( Electronic Medical Record ) Vendor
One method to help hospitals and practices make this complex decision is to complete a cost-benefit analysis. Entire books have been written on how to conduct cost-benefit analysis and an in-depth analysis goes well beyond the scope of this paper. Instead, this discussion will focus on how cost-benefit analysis can help to determine an appropriate EMR vendor.
In a cost-benefit analysis the organization identifies what functions and EMR must contain; as well as functions the organization would like it to include. Then each function is researched to determine what benefit it provides the organization and if that benefit outweighs the cost of implementing it. Typically, this is defined as the return on investment (ROI).
Once this process is complete, the organization can begin reviewing vendor’s products to determine if they meet the organization’s needs and compare value between vendors (Williams & Samarth, 2011, Chapter 5).
Once an organization has determined what elements it needs in an EMR, it can begin soliciting vendors for information. Generally, there are two methods of obtaining this information. These include a request for information and request for proposal.
The first method to be discussed is a request for information (RFI). An RFI is an informal…