EMR Benefits and Return on Investment Categories

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The Electronic Medical Record may consist of computer order entry, decision support, electronic medication administration, documentation, and so much more. [1]

The sections below detail the benefits, costs, and barriers in evaluating EMR implementations. Selecting, financing, and launching an EHR system is difficult. Product certification seeks to make the first step a little easier. [2]


Informational

EMR Benefits: Informational

Security

EMR Benefits: Security

Environmental

EMR Benefits: Environmental

Medical Education

EMR Benefits: Medical education

Financial

EMR Benefits: Financial

Improving patient care

EMR Benefits: Healthcare quality

Research

EMR Benefits: Research

Health Information Exchange (HIE)

EMR Benefits: HIE

Personal Health Records

EMR Benefits: PHR

Telehealth

EMR Benefits: Telehealth

Mobile EMRs

EMR_Benefits: mHealth

Physicians

EMR Benefits: Physicians

Costs

Return on investment

Sources of Funding

  1. Organizational Reserves – provider organization make investments in affiliated organizations
  2. Bank and other financial service – short term loans
  3. Capital leases – used for large equipment acquisitions but can be negotiated for a major IT investment
  4. Vendor discounts and incentives – requires something in return
  5. Joint venture or partnership – tighter relationship
  6. Health plans and plan sponsors – contractual arrangement
  7. Private philanthropy – fellowships or university chairs
  8. Pharmaceutical companies – willing to conduct clinical trials
  9. Public grants – government initiatives
  10. State legislative initiatives – local and state initiatives
60. Interviews with John Kansky, Laura Adams (2014, 8) by Mark Braunstein, GA Tech.
61. What is the DIRECT project (2010, 10) by The Direct Project. http://wiki.directproject.org/file/view/DirectProjectOverview.pdf

References (old, to edit)

  1. What Is an Electronic Medical Record (EMR)? http://www.healthit.gov/providers-professionals/electronic-medical-records-emr
  2. Heubusch, K. (2008). Certified EHRs. Journal of AHIMA, 79(8), 34-36. Retrieved from http://ezproxyhost.library.tmc.edu/login?url=http://search.proquest.com/docview/212569443?accountid=7034


Committee on Quality of Health Care in America, Institute of Medicine. "Front Matter." Crossing the Quality Chasm: A New Health System for the 21st Century. Washington, DC: The National Academies Press, 2001. Full text

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