Reflective Journal: Benefits of a Capital Item Southern New Hampshire University IHP-450-H4250 Healthcare Mgmt and Finance 24EW4 03:38:42 GMT -05:00 Benefits of Purchasing an Electronic Medical Records System Allow me to briefly discuss the advantages of the healthcare business acquiring the ...
, Benefits of Purchasing an Electronic Medical Records System
Allow me to briefly discuss the advantages of the healthcare business acquiring the
electronic medical record (EMR) system as the CFO's helper. A healthcare company must
embrace evolving technologies, such as the electronic medical records (EMR) system, given that
the healthcare sector is increasingly complex nowadays and depends on quickly advancing
digital technology. Improved management of medication errors and unnecessary investigations,
enhanced communication and collaborations between healthcare providers and patients, and
improved patient outcomes and safety are all advantages of using an electronic medical records
system (De Benedictiset et al., 2020). By lowering the time needed to retrieve patient charts and
access complete data, helping with prescription management, streamlining patient appointment
scheduling, and providing remote access to patient charts, the system increases workflow
efficiency. Electronic medical records, or EMRs, facilitate safer and more dependable
prescribing, encourage clear and precise documentation, and guarantee better coding and
invoicing.
Estimation of the Benefits
A capital budget item that will, in a certain amount of time, bring in money through more
patient procedures is an electronic medical record system, which the manager has to designate
(Nowicki, 2022). Due to less paperwork and duplicate testing, fewer unneeded tests, and simple
record access, it saves time and money for the organization as well as the patients. The electronic
medical records system's quick and accurate ICD-10 coding procedure, which improves
reimbursement processing, makes it possible to quickly access patient records for better
coordinated and effective care (HealthIT.gov, 2020). Incorporating an Electronic Medical Record
(EMR) system can result in lower expenses for the company and increased profits from less
03:38:42 GMT -05:00
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