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Forbes Healthcare Summit
2014-12-03    
All Day
Forbes Healthcare Summit: Smart Data Transforming Lives How big will the data get? This year we may collect more data about the human body than [...]
Customer Analytics & Engagement in Health Insurance
2014-12-04 - 2014-12-05    
All Day
Using Data Analytics, Product Experience & Innovation to Build a Profitable Customer-Centric Strategy Takeaway business ROI: Drive business value with customer analytics: learn what every business [...]
mHealth Summit
DECEMBER 7-11, 2014 The mHealth Summit, the largest event of its kind, convenes a diverse international delegation to explore the limits of mobile and connected [...]
The 26th Annual IHI National Forum
Overview ​2014 marks the 26th anniversary of an event that has shaped the course of health care quality in profound, enduring ways — the Annual [...]
Why A Risk Assessment is NOT Enough
2014-12-09    
2:00 pm - 3:30 pm
A common misconception is that  “A risk assessment makes me HIPAA compliant” Sadly this thought can cost your practice more than taking no action at [...]
iHT2 Health IT Summit
2014-12-10 - 2014-12-11    
All Day
Each year, the Institute hosts a series of events & programs which promote improvements in the quality, safety, and efficiency of health care through information technology [...]
Design a premium health insurance plan that engages customers, retains subscribers and understands behaviors
2014-12-16    
11:30 am - 12:30 pm
Wed, Dec 17, 2014 1:00 AM - 2:00 AM IST Join our webinar with John Mills - UPMC, Tim Gilchrist - Columbia University HITLAP, and [...]
Events on 2014-12-03
Forbes Healthcare Summit
3 Dec 14
New York City
Events on 2014-12-04
Events on 2014-12-07
mHealth Summit
7 Dec 14
Washington
Events on 2014-12-09
Events on 2014-12-10
iHT2 Health IT Summit
10 Dec 14
Houston
Articles

Nov 6: EHRs: Benefits, ROIs and your system

You want an EHR package worth the time and money you’re gonna have to put into it.

Does such a “beast” exist?

Before you answer that, you might want to answer this:  how much does it cost you to do business without it?

Define your terms: start with an audit

It is difficult to determine how much a process such as implementing an EHR is actually worth unless you define what using it is supposed to do for you. You’ll also need to consider how it will subsequently affect your business afterward, too. A return on investment (ROI) is pretty much all a matter of mathematical returns and costs. It measures both the efficacy and potential consequences of your investment choices, as well. You choose a certain EHR because it enhances ROI potential, so you should implement an EHR only after you understand what need you must fulfill the most. An audit of how you conduct business will help maximize your ROI.

Which one should I choose?

When you’re able to determine what needs you must

fulfill, pick an EHR that “mirrors” your need, so to speak. If you aren’t able to narrow down your need precisely, don’t panic. Organizational systems are sometimes flawed in a multiple of ways, running a chiropractic business isn’t any different. Flexible EHRs with bidirectional interfaces, for example, help promote productivity, help manage or completely remedy problems with work load sharing and point of care documentation simultaneously.

What do I do next?

Even the most effective, flexible EHR won’t work unless the staff who uses it is “culturally aligned” toward system success. You can ensure high ROI by including staff or technicians in the EHR selection process. Be sure to properly vet the EHR vendor afterward. According to a report from the Journal of Medical Practice Management, practitioners should be wary of vendors who make unverifiable claims about their particular EHR product. Implementing EHRs and exacting a maximum ROI from it does require staff training, for example. Source