Electronic Medical Records: Cost-Benefit Analysis

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Electronic Medical Records (EMR) has facilitated the collection of data for big and small healthcare companies. However, smaller healthcare centers have a slower ratio of EMR adoption. Smaller companies have a higher grade of difficulty when it comes to adoption do to lack of infrastructure, lack of IT equipment, and/or lack of support staff. The adoption of EMR facilitates the collection of specific diseases, which have laid the foundation for “Pay-for-Performance” (Tan & Payton, 2010). Pay-for-Performance (P4P) is a healthcare payment system for medical practitioners that get paid for the quality of services they provide. Payments are usually classified as quality of work and type of work done to patients. For purpose of this paper we would …show more content…
Another tool that will facilitate the adoption of EMR among healthcare centers is the cost-benefit analysis (CBA). CBA can assist with planning and budgeting in case of potential investment of EMR program. CBA benefits the investor by emphasizing on medical management and billing functions. However, there are some limitations to the CBA, the analysis does not take in to consideration the benefits of quality of care, and employee or patient satisfaction, these assets can’t be measure in terms of financial burden. The advantages of switching to IT solutions would consist on how long would the health center take for its operations to resume at their usual stage. The effectiveness of the system would be a major advantage if the system can reduce the down time while it is fully operational. Also, from a financial perspective having cost effective system would be an advantage. Another advantage would be considered the practitioners and the personnel would achieve more work in less time bringing more profits to company. Adoption of EMR, especially when we consider the P4P practitioners would be more likely to consider EMR. Some of the limitation of IT adoption could be in cases of patient care and the needs of every different patient. The system cannot understand human needs and challenges. Another limitation to cost-benefit would be the amount of updates and money that would be need every time there is malfunction. Down time do to software failure could be losses in

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