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:5/26/2016)... ... May 26, 2016 , ... With long-term experience in ... of Business Intelligence and Informatics, effective immediately. http://www.fluidedgeconsulting.com , As a ... a healthcare business and financial strategist for over 20 years. By leveraging ...
(Date:5/25/2016)... ... May 25, 2016 , ... ... Get With The Guidelines®-Stroke Gold Plus Achievement Award with Target: StrokeSM Honor ... Healthcare System, recognizes its commitment to emergency stroke care to ensure that ...
(Date:5/25/2016)... City, MO (PRWEB) , ... May 25, 2016 , ... ... collegiate, and amateur athletics, The National Center for Drug Free Sport (Drug Free Sport®) ... Free Sport”. This conference, to be held July 12 – 13 in Kansas City, ...
(Date:5/25/2016)... ... May 25, 2016 , ... According to an ... of hernia mesh that would effectively fight against common bacteria and protect against surgical ... healing process from hernia repair surgery even safer and could further reduce ...
(Date:5/25/2016)... ... ... The Bank of America Charitable Foundation has awarded a grant to the General ... employment and successful careers in healthcare. On Wednesday, May 4th, Rick Bridwell, Bank of ... Medisend, parent organization and home of the General Myers Veterans Program. , “The ...
Breaking Medicine News(10 mins):
(Date:5/24/2016)... May 24, 2016 ... , la première endoprothèse à double ... à l,intervention portant sur les membres inférieurs ... OrbusNeich, entreprise mondiale spécialisée dans la ... la vie, a élargi son portefeuille pour ...
(Date:5/23/2016)... , May 23, 2016 ... "Patient Handling Equipment Market by Product (Wheelchair, Scooters, ... Care (Bariatric Care, Critical Care, Wound), Accessories (Lifting, ... Forecast to 2021", published by MarketsandMarkets, the patient ... 17.18 Billion by 2021 at a CAGR of ...
(Date:5/23/2016)... , May 23, 2016 ... Market Size, Share, Development, Growth and Demand Forecast ... Single and Other), by Application (Drug Discovery and ... End Users (Pharmaceuticals, Life Science and Biotechnology, Academic ... P&S Market Research, the global mass spectrometry ...
Breaking Medicine Technology: