Navigation Links
Electronic Medical Records can Pay You Within 16 Months

The new analysis counters concerns of health care providers reluctant to invest in electronic medical records systems.

A new study to be published in the July issue of the Journal of the American College of Surgeons shows that one academic medical center recouped its investment in electronic health records within 16 months.

The widespread loss of paper medical records in New Orleans after Hurricane Katrina is one of several factors behind the recent push to get surgeons and other health care providers to go electronic, according to David A. Krusch, MD, FACS, of the University of Rochester Department of Surgery and co-author of the study.

"Health care providers most frequently cite cost as primary obstacle to adopting an electronic medical records system. And, until this point, evidence supporting a positive return on investment for electronic health records technologies has been largely anecdotal," said Dr. Krusch.

The study measured the return on investment of installing electronic health records at five ambulatory offices representing 28 providers within the University of Rochester (NY) Medical Center.

Starting in November 2003, the offices implemented a Touchworks EHR system from Chicago-based Allscripts over the next five months.

The study compared the cost of activities such as pulling charts, creating new charts, filing time, support staff salary, and transcription when done electronically in the third quarter of 2005, versus the cost of those same activities performed manually in the third quarter of 2003.

The University of Rochester Medical Center estimated that the new electronic medical records system reduced costs by 393,662 dollars per year, nearly two-thirds of that coming from a sharp reduction in the time required to manually pull charts.

Given that its electronic system cost 484,577 dollars to install and operate, it took the University of R ochester Medical Center 16 months to recoup its investment. After the first year, it cost about 114,016 dollars annually to operate the new system, which translates to a savings of 279,546 dollars a year for the medical center, or 9,983 dollars per provider.




'"/>




Related medicine news :

1. Electronic nose by Italian scientists
2. Stem Cells Could Replace Electronic Pacemakers
3. Electronic Skin (E-Skin) To Robots
4. $ 1.7 Million NYSTAR Award for Binghamton University to Flex Electronics Research Muscle.
5. Electronic Device to the Rescue of Women Using Contraceptive Pill
6. Solitons Could Power Molecular Electronics, Artificial Muscles
7. Electronic Patient Record "Serious Threat" to Patient Confidentiality
8. Electronic Medical Record For Every American by 2014
9. HL7 Announces Industry’s First Electronic Health Record System (EHR-S
10. Electronic Nerve Stimulator Enables Walking
11. Deflecting Damage: Flexible Electronics Aid Brain Injury Research
Post Your Comments:
*Name:
*Comment:
*Email:


(Date:10/13/2017)... ... October 13, 2017 , ... Ellevate Network, the leading network for professional ... action towards gender equality at their inaugural Summit in New York City in June. ... a social audience of over 3 million. To watch the Mobilize Women video, ...
(Date:10/13/2017)... ... October 13, 2017 , ... “The Journey: From the Mountains to the Mission ... lost souls in the Philippines. “The Journey: From the Mountains to the Mission Field” ... the Bible. She has taught all ages and currently teaches a class of ladies ...
(Date:10/12/2017)... ... October 12, 2017 , ... The company has ... today’s consumer and regulatory authorities worldwide. From Children’s to Adults 50+, every formula ... the highest standard. , These products are also: Gluten Free, Non-GMO, Vegan, ...
(Date:10/12/2017)... LOS ANGELES (PRWEB) , ... October 12, 2017 ... ... of Parsa Mohebi Hair Restoration, has recently contributed a medical article to the ... doctors, on cosmetictown.com. Dr. Mohebi’s article spotlights the hair transplant procedure known as ...
(Date:10/12/2017)... ... October 12, 2017 , ... ... first interactive health literacy software tool, and the Cancer Patient Education Network (CPEN), ... patient education, today announce a new strategic alliance. , As CPEN’s strategic ...
Breaking Medicine News(10 mins):
(Date:9/22/2017)... ROCKVILLE, Md. , Sept. 22, 2017  As ... by Republican Senators Bill Cassidy (R-LA) and ... Kalorama Information notes that the medical device industry is ... the medical device tax, the 2.3% excise tax on ... Act.  But they also want covered patients, increased visits ...
(Date:9/19/2017)... 19, 2017   ZirMed Inc ., a recognized leader ... that it has been ranked #1 by its users for ... Rankings 2017 User Survey. ZirMed was recognized as the top-ranked ... and medical centers over 200 beds and holds one of ... user survey history. ...
(Date:9/13/2017)... has been named the official orthopedic and sports medicine ... 2018 College Football Playoff (CFP) National Championship to be played ... Atlanta, Georgia . OrthoAtlanta is proud to be ... many activities leading up to, and including the national championship ... OrthoAtlanta serves ...
Breaking Medicine Technology: