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Neurology Certification Review 2019
2019-08-29 - 2019-09-03    
All Day
Neurology Certification Review is organized by The Osler Institute and will be held from Aug 29 - Sep 03, 2019 at Holiday Inn Chicago Oakbrook, [...]
Ophthalmology Lecture Review Course 2019
2019-08-31 - 2019-09-05    
All Day
Ophthalmology Lecture Review Course is organized by The Osler Institute and will be held from Aug 31 - Sep 05, 2019 at Holiday Inn Chicago [...]
Emergency Medicine, Sex and Gender Based Medicine, Risk Management/Legal Medicine, and Physician Wellness
2019-09-01 - 2019-09-08    
All Day
Emergency Medicine, Sex and Gender Based Medicine, Risk Management/Legal Medicine, and Physician Wellness is organized by Continuing Education, Inc and will be held from Sep [...]
Medical Philippines 2019
2019-09-03 - 2019-09-05    
All Day
The 4th Edition of Medical Philippines Expo 2019 is organized by Fireworks Trade Exhibitions & Conferences Philippines, Inc. and will be held from Sep 03 [...]
Grand Opening Celebration for Encompass Health Katy
2019-09-04    
4:00 pm - 7:00 pm
Grand Opening Celebration for Encompass Health Katy 23331 Grand Reserve Drive | Katy, Texas Sep 4, 2019 4:00 p.m. CDT Encompass Health will host a grand opening [...]
Galapagos & Amazon 2019 Medical Conference
2019-09-05 - 2019-09-17    
All Day
Galapagos & Amazon 2019 Medical Conference is organized by Unconventional Conventions and will be held from Sep 05 - 17, 2019 at Santa Cruz II, [...]
Mesotherapy Training (Sep 06, 2019)
2019-09-06    
All Day
Mesotherapy Training is organized by Empire Medical Training (EMT), Inc and will be held on Sep 06, 2019 at The Westin New York at Times [...]
Aesthetic Next 2019 Conference
2019-09-06 - 2019-09-08    
All Day
Aesthetic Next 2019 Conference Venue: SEPTEMBER 6-8, 2019 RENAISSANCE DALLAS HOTEL, DALLAS, TX www.AestheticNext.com On behalf Aesthetic Record EMR, we would like to invite you [...]
Anti-Aging - Modules 1 & 2 (Sep, 2019)
2019-09-07    
All Day
Anti-Aging - Modules 1 & 2 is organized by Empire Medical Training (EMT), Inc and will be held on Sep 07, 2019 at The Westin [...]
Allergy Test and Treatment (Sep, 2019)
2019-09-15    
All Day
Allergy Test and Treatment is organized by Empire Medical Training (EMT), Inc and will be held on Sep 15, 2019 at Aloft Chicago O'Hare, Chicago, [...]
Biosimilars & Biologics Summit 2019
2019-09-16 - 2019-09-17    
All Day
TBD
Biosimilars & Biologics Summit 2019 is organized by Lexis Conferences Ltd and will be held from Sep 16 - 17, 2019 at London, England, United [...]
X Anniversary International Exhibition of equipment and technologies for the pharmaceutical industry PHARMATechExpo
2019-09-17 - 2019-09-19    
All Day
X Anniversary International Exhibition of equipment and technologies for the pharmaceutical industry PHARMATechExpo is organized by Laboratory Marketing Technology (LMT) Company, Shupyk National Medical Academy [...]
2019 Physician and CIO Forum
2019-09-18 - 2019-09-19    
All Day
Event Location MEDITECH Conference Center 1 Constitution Way Foxborough, MA Date : September 18th - 19th Conference: Wednesday, September 18  8:00 AM - 5:00 PM [...]
Stress, Depression, Anxiety and Resilience Summit 2019
2019-09-20 - 2019-09-21    
All Day
Stress, Depression, Anxiety and Resilience Summit is organized by Lexis Conferences Ltd and will be held from Sep 20 - 21, 2019 at Vancouver Convention [...]
Sclerotherapy for Physicians & Nurses Course - Orlando (Sep 20, 2019)
2019-09-20    
All Day
Sclerotherapy for Physicians & Nurses Course is organized by Empire Medical Training (EMT), Inc and will be held on Sep 20, 2019 at Sheraton Orlando [...]
Complete, Hands-on Dermal Filler (Sep 22, 2019)
2019-09-22    
All Day
Complete, Hands-on Dermal Filler is organized by Empire Medical Training (EMT), Inc and will be held on Sep 22, 2019 at Sheraton Orlando Lake Buena [...]
The MedTech Conference 2019
2019-09-23 - 2019-09-25    
All Day
The MedTech Conference 2019 is organized by Advanced Medical Technology Association (AdvaMed) and will be held from Sep 23 - 25, 2019 at Boston Convention [...]
23 Sep
2019-09-23 - 2019-09-24    
All Day
ABOUT 2ND WORLD CONGRESS ON RHEUMATOLOGY & ORTHOPEDICS Scientific Federation will be hosting 2nd World Congress on Rheumatology and Orthopedics this year. This exciting event [...]
25 Sep
2019-09-25 - 2019-09-26    
All Day
ABOUT 18TH WORLD CONGRESS ON NUTRITION AND FOOD CHEMISTRY Nutrition Conferences Committee extends its welcome to 18th World Congress on Nutrition and Food Chemistry (Nutri-Food [...]
ACP & Stem Cell Therapies for Pain Management (Sep 27, 2019)
2019-09-27    
All Day
ACP & Stem Cell Therapies for Pain Management is organized by Empire Medical Training (EMT), Inc and will be held on Sep 27, 2019 at [...]
01 Oct
2019-10-01 - 2019-10-02    
All Day
The UK’s leading health technology and smart health event, bringing together a specialist audience of over 4,000 health and care professionals covering IT and clinical [...]
Events on 2019-08-29
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Medical Philippines 2019
3 Sep 19
Pasay City
Events on 2019-09-04
Events on 2019-09-05
Galapagos & Amazon 2019 Medical Conference
5 Sep 19
Galapagos Islands
Events on 2019-09-06
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Events on 2019-09-16
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2019 Physician and CIO Forum
18 Sep 19
Foxborough
Events on 2019-09-22
Events on 2019-09-23
The MedTech Conference 2019
23 Sep 19
Boston
23 Sep
Events on 2019-09-25
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01 Oct
Articles

Yes, you can get ROI from a good behavioral health EHR, even without Meaningful Use

return on investment (ROI)

No, there is no Meaningful Use for behavioral health hospitals, and yes, some mental health clinicians remain skeptical about the proposed value of electronic health records (EHR).

And yet a steadily increasing number of behavioral health facilities nationwide have adopted an EHR to improve patient care and organization performance. According to a recent Behavioral Healthcare survey, most are satisfied with the decision to make an EHR part of their daily routine.

So, does that satisfaction make it a wise value proposition to adopt a behavioral health EHR? This highly relevant question about return on investment (ROI) is not limited to behavioral health facilities, but it might be a more pressing concern for organizations that cannot count on federal subsidies.

What counts in determining ROI?

Because behavioral health care is complex and, more importantly, because it measures value in many non-monetary ways, we have to look at both quantity and quality.

“Some organizations have difficulty determining their EMR project’s ROI,” writes business development executive Carol Turso in Behavioral Healthcare. “Common reasons for this are failing to see an EMR’s strategic benefits and considering the initial cost as an expense rather than as an investment … An EMR is an investment because it provides long-term benefits and may be an important tool for reducing the cost of expenses.”

Turso uses the example of a social services organization that over three years after implementing an EHR reduced bad debt by 93 percent, lowered outstanding accounts receivable of more than 151 days from 24 to 9 percent, and trimmed the time staff spent per week entering remittances and payments from 40 hours to 10 minutes. In every instance, these EHR benefits improve the organization’s bottom line. Even if they don’t technically create new revenue, they are still quantitatively relevant.

Qualitative improvements save time, prevent adverse medication events and reduce errors, which saves money. As the federal government shifts to a reimbursement model based on quality and patients vote with their feet, the qualitative approach starts to look more like a quantitative imperative.

How do non-clinical factors impact the evaluation of ROI?

You can build it, but they may still not come.

So, it’s difficult to exaggerate the importance of behavioral factors in ensuring the value of your behavioral health EHR. You must create buy-in, make clinicians feel as though they have a voice in the process, train everyone effectively on the system and take feedback on how to improve the solution and workflows after go live.

“Realizing full value of the [EMR] system typically depends not only on successful deployment of the system but also on adaptation of other organizational processes and workflows,” says an Institute of Medicine (IoM) paper that seeks to create a standard model for assessing the value of EHRs. “Functionality is also enhanced or constrained by the quality of implementation, including user training and acceptance, as well as the universe of technology with which it is used.”

The good news is that, for most behavioral health hospitals, the investment in EHR seems to be money well spent.

According to the Behavioral Healthcare survey mentioned above, the majority of those with an EHR are satisfied and putting the system to good use. Among all respondents, 23.6 percent said the EHR they use improves patient care, 18.1 percent cited the elimination of paper storage as a prime benefit, and double-digit percentages identified improved care, reimbursement and clinical outcomes as valuable results.

How can we determine if our new EHR is earning its keep?

Every behavioral health organization has to track dollars, cents and hours, so at least in those areas you can use the EHR to monitor change and increase in value over time, even if pre-EHR tracking was less than judicious.

At the core, an ROI evaluation is still a costs-versus-benefits analysis. It’s just a little more complex with behavioral health IT. If you’re not yet working with some sort of tracking system and evaluation scheme, consider starting with a table of costs and benefits. Circulate the list to clinical, administrative and technical leaders and then update until all feel confident the table is comprehensive.

To get a more complete picture of actual value and return, the IoM model looks at three overarching components: expenses, benefits and potential impacts to revenue. Each category is divided up into numerous types in an effort to determine with specificity what is the value of a particular EHR investment.

“… benefits of robust information system implementation might include savings to an organization from the reduction or more effective deployment of full-time equivalents (FTEs) associated with more efficient business practices, decreased morbidity and mortality due to more consistently delivered, high-quality care, avoided complications from improved preventive care, and enhanced patient experience and outcomes through the opportunities afforded by EHRs and patient portals for engagement,” reads the IoM paper.

It’s worth spending some time reviewing the IoM tables if you are questioning the value of your EHR or considering different solutions.

Can you afford a comprehensive EHR with reliable ROI without federal government help?

Absolutely.

There are many behavioral health EHRs out there with dramatic differences in both price and payment structure. Some acute care hospital EHRs also adapt well to the behavioral health environment. Yes, some of these systems are expensive and require substantial upfront expenditures for software licensing fees, infrastructure, consultants, network, etc. But other less expensive and robust options require almost no spending upfront if you have the infrastructure in place, and enable you to pay as you go via subscription.

Ultimately, much of the ROI for the healthcare IT system you choose is dependent on how you make it work for your behavioral health facility. Create organizational buy-in (especially among clinicians), evaluate workflows and how they might change to accommodate the EHR, and choose a solution that incorporates behavioral health-specific functionality and is a realistic financial fit.

Put the foundational pieces in place and the likelihood of positive ROI increases dramatically, even if that federal subsidy never materializes.

D’Arcy Gue is Director of Industry Relations for Medsphere Systems Corporation.

Source Medsphere